TL;DR
- Arkham Intelligence has launched Arkham Exchange, an on-chain perpetual trading platform, aiming to provide a transparent and secure trading environment with $12 million in funding.
- Key features include live on-chain audits, traceable proof-of-reserves, and a points-based rewards system, attracting retail investors seeking trustworthy trading venues.
- Despite its promising features, Arkham Exchange will not be available to traders in certain regions, including the United States, likely due to regulatory restrictions.
Arkham Intelligence, a leading blockchain analytics firm, has announced the launch of its new on-chain perpetual trading platform, Arkham Exchange. This move is set to shake up the crypto market by offering a transparent and secure trading environment.
ANNOUNCING THE ARKHAM PERPETUALS EXCHANGE pic.twitter.com/wDfJLb9nm0
— Arkham (@ArkhamIntel) November 6, 2024
Supported by $12 million in funding from investors, including Sam Altman, co-founder of OpenAI, Arkham Exchange aims to provide a reliable alternative to existing platforms like Binance.
Arkham’s Key Features and Benefits
Arkham Exchange is designed to cater to the growing demand for transparent trading platforms. One of its standout features is the live on-chain audits, which allow users to verify holdings in real time.
This transparency is further enhanced by the platform’s traceable proof-of-reserves, ensuring that users can access the exchange’s reserves at any time. These features are expected to attract retail investors seeking trustworthy trading venues.
In addition to transparency, Arkham Exchange offers a points-based rewards system. Users can earn Arkham points based on their trading volume, with VIP accounts enjoying a 10% boost on their points.
These points can be redeemed for ARKM tokens after the first 30-day trading period. VIP members can also increase their earnings by referring new users and making nominations through Arkham’s Intel Platform.
Market Impact and Exclusions
The launch of Arkham Exchange comes at a time when the crypto derivatives market is experiencing unprecedented growth. In September alone, trading volumes surpassed $3 trillion, highlighting the increasing appetite for derivatives and perpetual trading options.
At the time of writing, Arkham’s native token, ARKM is trading at $2.10, increasing nearly 3% in the last 24 hours, and more than 32% in the past seven days, according to CoinMarketCapData.
Arkham Intelligence’s reputation as a blockchain analytics leader gives the new exchange a strong head start in becoming a go-to platform for retail traders worldwide. However, it’s important to note that Arkham Exchange will not be available to traders in certain regions, including the United States.
While the exact reason for this exclusion has not been disclosed, it is likely due to regulatory restrictions in the region. Arkham Intelligence’s venture into the perpetuals exchange space is poised to offer traders a new, transparent option in the fast-growing market.
With features like live on-chain audits, traceable proof-of-reserves, and a points-based rewards system, Arkham Exchange is set to attract retail investors looking for security and openness.
