Catenaa, Wednesday, November 27, 2024 – Arkham Intelligence, a leading blockchain analytics platform, has announced plans to introduce spot trading on its exchange.
The new feature, set for a future launch, will allow users to trade assets at market prices without expiration dates, a favored option for day traders due to its simplicity and low spreads.
The platform, which has made a name for itself by uncovering wallet identities and providing real-time crypto transaction data, will integrate on-chain audits and proof-of-reserves to enhance transparency and security for traders.
While Arkham has not disclosed an official launch date, the spot trading feature will not initially be available to US users, pending legal approval in various states. The company emphasized its commitment to complying with local regulations as part of its expansion strategy. Once operational, Arkham aims to attract both retail and institutional traders, leveraging its blockchain intelligence tools to offer a seamless blend of trading and analytics.
Founded in 2020, Arkham has earned support from investors such as Bedrock, Draper Associates, Binance Labs, and Sam Altman. With plans to integrate spot and futures trading pairs, Arkham hopes to compete with established exchanges like Binance and Coinbase, which dominate the U.S. spot trading market. The firm is also launching a points program where traders can earn points through trading, which can be converted into Arkham’s native token, ARKM.
Arkham’s move into trading is seen as a significant step in its mission to merge blockchain intelligence with cryptocurrency exchanges, positioning itself as a new contender in the competitive exchange market.
