Arkham Intelligence Announces the Launch of Its New On-Chain Perpetual Trading Platform, Arkham Exchange

Arkham Intelligence, a leading blockchain analytics firm, has announced the launch of its new on-chain perpetual trading platform, Arkham Exchange.

Blockchain analytics firm Arkham Intelligence has announced the launch of its on-chain perpetual trading platform, dubbed Arkham Exchange. This move marks Arkham's entry into the rapidly expanding crypto derivatives market.

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Announcing the launch of Arkham Perpetually. A new chapter begins today.

Together, let's build the future of transparent crypto trading.

Join the waitlist now: https://t.co/0300030303 pic.twitter.com/wDfJLb9nm0

After securing $12 million in funding from a group of investors that includes Sam Altman, co-founder of OpenAI, Arkham is now launching Arkham Exchange.

This platform will serve as a response to the growing demand for transparent trading platforms, especially among retail investors who are looking for trustworthy venues to engage in their trading activities.

To cater to this need, Arkham Exchange will feature live on-chain audits that enable users to verify holdings in real time.

Furthermore, the platform will offer traceable proof-of-reserves, allowing users to access the exchange’s reserves at any given moment.

A points-based rewards system will also be implemented, where users can earn Arkham points based on their trading volume. VIP accounts will receive a 10% boost on their points.

These points can be redeemed for ARKM tokens after the first 30-day trading period. Moreover, VIP members can increase their earnings by referring new users and making nominations through Arkham's Intel Platform.

This launch comes as the crypto derivatives market is experiencing strong growth. In September, trading volumes crossed $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, up nearly 3% in the last 24 hours and over 32% in the past seven days, according to CoinMarketCap data.

Meanwhile, it is worth noting that traders in certain regions, including the United States, will be excluded from using Arkham Exchange. The precise reason for this exclusion is not mentioned, but it is likely related to regulatory restrictions in the U.S.