Arkham Intelligence Launches Spot Trading to Merge Trading and Analytics

Arkham Intelligence has launched spot trading on its exchange. This new feature aims to enhance transparency and attract retail and institutional traders

Arkham Intelligence, a blockchain data and analytics platform, has officially launched spot trading on its exchange, aiming to integrate its robust blockchain intelligence capabilities with trading services. This move marks a strategic shift in the company's endeavors.

According to a recent tweet by Arkham, the addition of spot trading is part of a broader plan to seamlessly combine trading services with the platform's strengths in blockchain data and intelligence.

The exchange will feature on-chain audits and provide traders with traceable proof of reserves, enhancing transparency and security. Spot trading involves buying and selling assets at prevailing market prices, without the time decay or expiration dates associated with futures or options contracts.

This type of trading is favored by day traders due to its narrow spreads and straightforward nature. By adding spot trading to its platform, Arkham hopes to attract both retail and institutional traders and build user confidence.

However, it's important to note that the launch of spot trading on Arkham Exchange will not immediately extend to U.S.-based users.

Arkham has clarified that onboarding in the United States will be subject to the exchange obtaining the necessary legal approval in individual states and jurisdictions. This approach ensures compliance with local regulations as Arkham expands its footprint.

This move by Arkham positions the exchange to compete with the likes of Binance, Crypto.com, and Coinbase, which collectively account for over 80% of USD-supported spot trading volumes.

Arkham's CEO, Miguel Morel, has previously stated that the company plans to monetize its platform without charging for its core blockchain search tools, aligning with their broader mission to merge trading and analytics. This strategy aims to provide users with a streamlined experience, combining the best of both worlds.

To further drive the adoption of its trading platform, Arkham has announced a points program that will reward traders for participating in spot crypto and perpetual futures trading on the platform.

These points can be converted into Arkham’s native token, ARKM, at a rate of 100,000 points to 1 ARKM. This initiative, along with the launch of spot trading, is set to attract a diverse range of traders and solidify Arkham's presence in the competitive crypto exchange market.