Polymarket, the largest cryptocurrency prediction market, has made a move towards Bitcoin (BTC). Accordingly, Polymarket announced the launch of its Bitcoin deposit feature.
Polymarket has introduced a Bitcoin deposit feature that greatly expands users’ funding options.
This feature expands the range of deposit assets supported by the platform and allows investors who directly own Bitcoin to participate in the market without converting their BTC into stablecoins.
This development, which coincided with Bitcoin reaching an all-time high, was interpreted as Polymarket’s strategy to reduce barriers to participation in the prediction market and increase liquidity.
The platform currently supports multiple tokens across Ethereum (ETH), Polygon, Base, Arbitrum (ARB), and Solana (SOL).
Founded in 2020, Polymarket is a cryptocurrency-based prediction market where users buy and sell stocks on future events. Polymarket, which has gained popularity thanks to global interest in the 2024 US presidential election, recently integrated Chainlink oracles for price-driven betting.
$2 Billion Investment in Polymarket!
While Polyamarket was introducing its Bitcoin feature, it was stated that NYSE’s parent company, ICE, would invest $2 billion in Polyamarket.
According to the Wall Street Journal, Intercontinental Exchange (ICE), the world’s largest stock exchange group and the parent company of the New York Stock Exchange (NYSE), is expected to invest $2 billion in Polymarket.
According to the WSJ, while the details of the news are not yet known, Polymarket confirmed ICE’s investment in the prediction market with an X post immediately after the news.
“We are excited to announce that Intercontinental Exchange (ICE), the parent company of the NYSE, will be making a $2 billion strategic investment at a $9 billion valuation,” Polymarket wrote in its post.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/two-big-news-from-polymarket-received-2-billion-investment-from-global-giant-and-announced-new-bitcoin-btc-feature/
