Polymarket introduces Bitcoin deposit feature…"Expansion accelerates"

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Summary

Polymarket said it has introduced a Bitcoin deposit feature.
It said this is interpreted as a strategy to lower barriers to participation in prediction markets and expand liquidity.
It said that with this feature, investors holding Bitcoin can participate in the market without converting to a stablecoin.

Prediction market platform Polymarket has newly introduced a Bitcoin (BTC) deposit feature, greatly expanding users' funding options. Coinciding with Bitcoin reaching an all-time high, this is interpreted as a strategy for Polymarket to lower the entry barrier to prediction market participation and expand liquidity.

On the 7th (local time), The Block reported that Polymarket announced Bitcoin deposits are now activated starting today. This feature expands the platform's supported deposit asset range and is designed to allow investors who directly hold Bitcoin to participate in the market without converting to a stablecoin.

Meanwhile, Polymarket already supports deposits of various assets based on major blockchain networks such as Ethereum (ETH), Base (BASE), Arbitrum (ARB), and Solana (SOL).