Polymarket Perps Launch Adds 20x Leverage on 67 Markets
Polymarket expands into perpetual futures with 20x leverage, volume-based fees and restrictions for U.S., Canada and sanctioned users.
Polymarket has launched Polymarket Perps, adding perpetual futures with up to 20x leverage across 67 markets that include bitcoin, ether, solana, gold, oil, the Nasdaq 100, the S&P 500, Nvidia, Tesla and Coinbase.
The contracts carry no expiration dates. Leverage reaches 20x on crypto assets and selected commodities and indices, and 10x on remaining listed assets.
Maker and taker fees begin at 0.0125 percent and 0.04 percent respectively, with volume-based rebates available. Trading is unavailable to users in the United States, Canada and sanctioned jurisdictions; U.S. users are directed to the platform's CFTC-regulated affiliate, polymarket.us.
Scale and regulatory exposure remain open
The launch follows a funding round that valued the company above $21 billion and cumulative investment of $2.6 billion from Intercontinental Exchange, which holds roughly 22 percent of the platform. Polymarket acquired the CFTC-licensed QCEX exchange and clearinghouse for $112 million three years ago.
Early reported volume on the largest contracts sits in the low single-digit millions of dollars. Depth at larger scale remains untested. Regulatory treatment of equity perps in jurisdictions outside those already excluded is also untested.