Originally published on: November 14, 2024
Arkham Intelligence, a leading blockchain analytics firm, has recently rolled out an innovative points program aimed at enticing traders to its newly launched cryptocurrency derivatives exchange. This enticing initiative was announced on November 14, offering traders the opportunity to earn points by engaging in spot crypto and perpetual futures contracts on the platform. These points can later be converted into Arkham’s native token, ARKM.
The program is set to run for a 30-day period, providing traders with an exciting incentive to participate in the dynamic world of cryptocurrency trading. Arkham’s derivatives exchange, which was unveiled on November 6, is geared towards targeting retail traders and stands poised to compete with established platforms such as Binance.
The exchange boasts seamless integration with Arkham’s cutting-edge research, featuring live onchain audits and proof-of-reserve (PoR) functionalities, as highlighted in a recent post on the X platform. It’s important to note that the exchange is not accessible to individuals in the United States, based on information provided by Arkham.
In light of recent developments in the crypto market, following Donald Trump’s presidential election win, industry experts anticipate a surge in crypto trading activity. Analysts at Cointelegraph Research suggest that Trump’s victory may pave the way for a more favorable regulatory environment for cryptocurrencies, inciting a sense of optimism within the market.
With the proliferation of crypto derivatives products, including offerings from established entities like the Chicago Mercantile Exchange (CME), retail traders have significantly contributed to the surge in trading volume. A recent report by CCData revealed that crypto derivatives trading volume exceeded $3 trillion in September, reflecting a substantial increase compared to previous years.
As the crypto market continues to evolve, new derivatives exchanges are emerging, attracting a diverse range of traders. Coinbase Derivatives Exchange and Crypto.com’s North American derivatives exchange, Nadex, have introduced innovative offerings to cater to the growing demand for crypto futures trading.
Arkham, known for its robust blockchain tracking tool that identifies crypto wallet addresses, has successfully secured funding from notable investors like Sam Altman. This points program is just one of the many initiatives taken by Arkham to enhance the trading experience for its users.
As the crypto market embarks on a new chapter driven by innovation and growth, Arkham’s points program stands as a testament to the firm’s commitment to fostering a dynamic and engaging trading environment for derivatives traders worldwide.
