Polymarket Shocks Crypto Market with Taker Fees on 15-Minute Trades
Polymarket has overhauled its fee structure for short-term cryptocurrency markets, introducing taker-only fees on 15-minute crypto up/down contracts. The move aims to redistribute liquidity incentives, offering market makers daily USDC rebates while imposing variable fees—peaking near 3% for trades around the 50% probability mark.
Market dynamics are shifting as the platform targets opportunistic bots. Tightened spreads and rebate-driven liquidity could reduce wash trading, though community reactions remain divided. Some praise the structural improvements, while others suspect algorithmic traders are being squeezed out.