PANews January 6 News, according to Cointelegraph, prediction market platform Polymarket has updated its documentation, showing that the 15-minute cryptocurrency price fluctuation markets are now beginning to charge taker fees, marking a change in its long-standing zero-fee trading model.
According to the newly updated sections “Trading Fees” and “Market Maker Rebate Program” in the platform’s documentation, the prediction market platform has implemented taker-only fees in the 15-minute cryptocurrency markets to fund liquidity incentives provided to market makers. The fees collected from takers are redistributed daily to liquidity providers in the form of USDC stablecoins, rather than being retained by the protocol. This change applies only to these short-term cryptocurrency markets, while the vast majority of Polymarket’s markets still do not charge fees. The update did not include an official announcement, but review of the archived documentation reveals that the statements regarding fees are newly added content.
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