- Arkham’s new exchange focuses to retail traders with specific features.
- The trading volume in the cryptocurrency futures market has reached $3 trillion.
Arkham Intelligence, a blockchain analytics startup, is now officially entering the cryptocurrency trading arena, launching its own cryptocurrency derivatives exchange. The exchange, set to launch next week, aims to provide new opportunities for regular traders. It will compete directly with established platforms like Binance.
Arkham’s new exchange sets apart as it incorporates Arkham’s own blockchain research tools. Notably, the platform will include live on-chain audits and proof-of-reserve (PoR) to increase transparency and confidence among users. Arkham’s exchange sets itself apart from competitors by offering traders real-time visibility of the platform’s reserve position. This ensures market integrity and enhances transparency for users.
The exchange will initially focus on retail traders. However, it will not be available to users in the United States due to regulatory requirements. The debut coincides with a thriving crypto derivatives market, which witnessed over $3 trillion in trading activity in September alone, a considerable rise over the previous year.
Expanding Crypto Derivatives Market
Arkham’s entry into the crypto derivatives market aligns with the growing popularity of these products. Major exchanges such as Binance, CME, and Coinbase are also offering a range of derivatives contracts. The market is attracting more retail investors, who are driving much of the rise in trading volume. Crypto derivatives, including futures and options, have emerged as a crucial product offering as institutional companies like CME and Crypto.com increase their footprint.
The exchange’s opening is expected to increase interest in crypto derivatives, particularly as the market prepares for new products such as options on Bitcoin exchange-traded funds (ETFs), which might be available as early as Q1 2025.
Following the introduction of its exchange, Arkham’s ARKM Token has grown significantly. The token, which fell earlier this year owing to disputed token transfers, has risen 14.48% in the last 24 hours. As of the most recent update, ARKM is trading at $2.09, showing the good emotion surrounding the introduction of the new platform.
Arkham’s move into the upcoming future market is part of a larger trend toward greater accessibility and transparency in cryptocurrency trading. Arkham Intelligence, with $12 million in funding from investors including Sam Altman of OpenAI, intends to create a platform that not only provides competitive trading tools but also promotes transparency in the fast-changing world of blockchain.
