TL;DR
- Arkham Intelligence has launched a points program on its new derivatives exchange, allowing traders to earn points by trading spot crypto and perpetual futures contracts.
- The new derivatives exchange, live since November 6, 2024, integrates Arkham’s research capabilities and features live on-chain audits and proof-of-reserve mechanisms.
- The launch comes amid significant crypto market growth, with Arkham aiming to differentiate itself in the competitive derivatives market by offering unique incentives to traders.
Arkham Intelligence has introduced an innovative points program aimed at enticing traders to its newly launched cryptocurrency derivatives exchange. Announced on November 14, 2024, the program allows traders to earn points by trading spot crypto and perpetual futures contracts.
These points can be converted into Arkham’s native token, ARKM, providing an additional incentive for traders to participate actively on the platform.
ARKHAM EXCHANGE POINTS ARE NOW LIVE
Arkham points can now be earned from trading volume on the Arkham Exchange pic.twitter.com/Kx3PSF4BOS
— Arkham (@ArkhamIntel) November 14, 2024
Launch of the Derivatives Exchange
Arkham’s new digital assets derivatives exchange, which went live on November 6, 2024, is designed to cater to retail traders and compete with established platforms.
The exchange integrates Arkham’s extensive research capabilities and features live on-chain audits and proof-of-reserve (PoR) mechanisms, ensuring transparency and security for its users. However, it is important to note that the exchange is not available to users in the United States.
Market Context and Growth
The launch of Arkham’s derivatives exchange comes when the crypto market is experiencing significant growth. Following Donald Trump’s victory in the U.S. presidential election, the market has surged, with many believing that his administration will adopt a more favorable stance towards the crypto industry.
This optimism is reflected in the increasing trading volumes of crypto derivatives, which exceeded $3 trillion in September 2024, up from approximately $1.5 trillion a year earlier.
Competitive Landscape
Arkham’s entry into the derivatives market places it in direct competition with other major players, including the Chicago Mercantile Exchange (CME) and Coinbase Derivatives Exchange. The CME’s Bitcoin Friday Futures (BFF) launch in September 2024 was dubbed the “most successful crypto futures launch ever,” highlighting the growing demand for crypto derivatives.
Similarly, Crypto.com’s North American derivatives exchange, Nadex, has expanded its offerings to include derivatives contracts tied to popular memecoins like Pepe and Floki Inu.
Future Prospects
With the introduction of its tokenizable points system, Arkham aims to differentiate itself in the competitive derivatives market by offering unique incentives to traders. The program, which will run for 30 days, is expected to attract many participants and boost trading activity on the platform.
