Polymarket Adds Taker Fees to 15-Minute Crypto Markets

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Prediction market platform Polymarket updated its documentation to show that 15-minute crypto up/down markets now carry taker fees, marking a departure from its long-standing zero-fee trading model.

According to the newly updated “Trading Fees” and Maker Rebates Program” sections of the site’s documentation, the prediction markets platform has enabled taker-only fees on 15-minute crypto markets to fund liquidity incentives for market makers.

Fees collected from takers are redistributed daily in USDC (USDC) stablecoin to liquidity providers,…



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Polymarket Adds Taker Fees to 15-Minute Crypto Markets


Prediction market platform Polymarket updated its documentation to show that 15-minute crypto up/down markets now carry taker fees, marking a departure from its long-standing zero-fee trading model.

According to the newly updated “Trading Fees” and Maker Rebates Program” sections of the site’s documentation, the prediction markets platform has enabled taker-only fees on 15-minute crypto markets to fund liquidity incentives for market makers.

Fees collected from takers are redistributed daily in USDC (USDC) stablecoin to liquidity providers,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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