🔥 Key Takeaways
- Polymarket has introduced taker fees on its 15-minute crypto markets.
- The fees are taker-only, meaning market makers will not be charged.
- Proceeds from the fees will be redistributed to market makers as liquidity rebates.
- This update aims to incentivize market makers to provide liquidity to the platform.
Introduction of Taker Fees on Polymarket
Polymarket, a popular platform for crypto trading, has quietly introduced taker fees on its 15-minute crypto markets. The update was made to the platform’s documentation, which now reflects the new fee structure. According to the updated documentation, taker fees will be charged on trades made on the 15-minute markets, while market makers will not be charged any fees.
Redistribution of Fees as Liquidity Rebates
The proceeds from the taker fees will be redistributed to market makers as liquidity rebates. This move is aimed at incentivizing market makers to provide liquidity to the platform, which in turn will improve the overall trading experience for users. By providing liquidity rebates, Polymarket aims to attract more market makers to the platform, increasing the depth and liquidity of its markets.
Impact on Traders and Market Makers
The introduction of taker fees on Polymarket’s 15-minute crypto markets may have a significant impact on traders and market makers. Traders will need to factor in the additional cost of trading on the platform, which may affect their trading strategies. On the other hand, market makers may see an increase in their revenue due to the liquidity rebates, which could lead to increased participation and deeper markets.
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