Catenaa, Monday, February 24, 2025- Arkham Intelligence, a crypto exchange and blockchain analytics firm, will roll out spot trading for users in 17 US states starting March 1, the company announced Saturday. The launch follows its earlier debut of a USDT-based perpetuals exchange and aims to challenge the dominance of Crypto.com and Coinbase, which currently control 85% of USD-supported trading.
Eligible states include California, Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, Montana, Massachusetts, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wisconsin, and Wyoming.
Arkham’s native token, ARKM, surged 11.5% in the past 24 hours to $0.69 but remains significantly below its six-month high of $2.63 from December 2024.
The announcement comes after Arkham recently awarded a 50,000 ARKM bounty to blockchain investigator ZachXBT for linking the recent $1.4 billion Bybit hack to North Korea’s Lazarus Group.
