Polymarket adds taker fees to 15-minute crypto markets to fund liquidity rebates

Prediction market platform Polymarket has implemented trading fees exclusively for takers on its high-activity, 15-minute crypto markets, which cover assets like Bitcoin, Ether, Solana, and XRP. This marks a departure from the platform's historically fee-free trading model. The collected fees are designated to fund a Maker Rebates Program, with proceeds redistributed daily in USDC to market makers to enhance liquidity and narrow spreads. While specific fee amounts were not disclosed, documentation suggests they may reach up to 3%, scaling with trade size and probability. This adjustment follows growth in these short-duration crypto markets, which attract algorithmic traders. Polymarket continues to operate without fees on its political and event-driven markets, and deposits/withdrawals of USDC remain free.

(Source：The Block)