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Blockchain Intelligence Platform Arkham to Launch Spot Trading in the US

Blockchain Intelligence Platform Arkham to Launch Spot Trading in the US

CryptoNewsCryptoNews2024/11/21 01:44
By:Hassan Shittu

Arkham Intelligence is set to launch spot trading on its exchange, enhancing transparency and attracting traders, though U.S. onboarding will await legal approvals.

Last updated:
November 20, 2024 15:15 EST

Arkham Intelligence, a blockchain analytics platform known for uncovering wallet identities and providing real-time cryptocurrency transaction data, announced plans on November 20 to launch spot trading on its exchange.

The platform will offer spot and futures trading pairs, further integrating its trading services with its blockchain data dashboard.

Arkham Spot Trading Launches: Can Blockchain Intelligence Revolutionize the Exchange Market?

The exchange will feature on-chain audits and traceable proof of reserves, enhancing transparency and security for traders.

COMING SOON TO THE UNITED STATES: SPOT TRADING ON ARKHAM pic.twitter.com/j8EKIdYLMv

— Arkham (@ArkhamIntel) November 20, 2024

Spot trading, which allows assets to be traded at current market prices without expiration dates, is particularly popular among day traders due to its low spreads and simplicity.

Arkham also plans to integrate on-chain audits and traceable proof-of-reserves into its exchange, aligning with its focus on transparency and user confidence.

The addition of spot trading is seen as a move to attract both retail and institutional traders seeking a seamless blend of trading capabilities and blockchain intelligence.

Arkham has not disclosed the platform’s official launch date. The feature will not immediately be available to U.S.-based users.

Arkham clarified that onboarding in the United States will be restricted until the exchange obtains legal approval in individual states and jurisdictions.

ANNOUNCING THE ARKHAM PERPETUALS EXCHANGE pic.twitter.com/wDfJLb9nm0

— Arkham (@ArkhamIntel) November 6, 2024

The company emphasized that compliance with local regulations is central to its expansion strategy.

Arkham, founded in 2020, has built a reputation for its blockchain intelligence tools , helping users identify entities and individuals behind crypto market activities.

Its investors include notable names such as Bedrock, Draper Associates, Binance Labs, and Sam Altman.

Arkham’s Loyalty Program: Could ARKM Rewards Drive Adoption of Its Trading Platform?

These initiatives position Arkham to compete with major exchanges like Binance, Crypto.com, and Coinbase, which, according to The Block’s Data Dashboard , dominate over 80% of USD-supported spot trading volumes.

The firm’s CEO, Miguel Morel, previously indicated that Arkham would monetize its platform without charging for its core blockchain search tools.

This strategy aligns with the company’s broader mission to merge trading and analytics, offering users a streamlined experience.

Arkham has also announced a points program . Traders earn points by participating in spot crypto and perpetual futures trading.

The program will run for 30 days, and the points can be converted into Arkham’s native token, ARKM.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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