bitcoin
Polymarket Adds Five-Minute Crypto Contracts to US App
The BTC, ETH, SOL, and XRP trading markets on Polymarket now utilize CF Benchmarks for pricing, with a specific rule dictating that in the event of a tie, the outcome will default to "Up," while…
The BTC, ETH, SOL, and XRP trading markets on Polymarket now utilize CF Benchmarks for pricing, with a specific rule dictating that in the event of a tie, the outcome will default to "Up," while taker fees are assessed distinct from the spread.
Polymarket has introduced five-minute contracts for cryptocurrencies within its application accessible in the United States. This addition expands the platform's offerings in the decentralized finance space.
The mechanism for pricing these digital asset markets involves CF Benchmarks, a crucial detail for traders to note. Furthermore, the platform clearly outlines how ties will be resolved, opting for an "Up" settlement in such scenarios. Separately, taker fees are calculated and applied outside of the spread calculation.
Why it matters
This addition provides traders with faster, more granular market exposure on Polymarket. Shorter contract durations allow users to capitalize on rapid price movements in major cryptocurrencies.
