Originally published on: November 14, 2024
Arkham Intelligence, a leading blockchain analytics firm, has rolled out an innovative points program designed to entice traders to its recently launched cryptocurrency derivatives exchange. This enticing initiative, as revealed in a recent announcement on Nov. 14, allows traders to accumulate points through activities such as trading spot crypto and perpetual futures contracts, with the added benefit of being convertible to Arkham’s native token, ARKM.
The points program is set to span a span of 30 days, offering traders an exciting opportunity to engage and earn rewards on this new platform. The exchange, which was unveiled on Nov. 6, is focused on catering to retail traders and aims to compete with established platforms like Binance.
Arkham’s derivatives exchange promises to stand out by integrating cutting-edge research and featuring live onchain audits and proof-of-reserve (PoR) functionalities. It’s worth noting that, unfortunately, the exchange is currently unavailable to traders residing in the United States.
In a recent development that has fueled optimism in the crypto market, Donald Trump’s victory in the United States presidential election has sparked optimism among investors who anticipate favorable conditions for the industry. Notable research suggests that federal agencies may adopt a more welcoming stance on crypto, leading to a rise in market activity.
The crypto derivatives market has been experiencing notable growth, with trading volumes surpassing $3 trillion in September, a significant increase from the previous year. Established exchanges like the Chicago Mercantile Exchange (CME) have been showcasing a surge in activity, largely driven by retail traders.
In light of these market trends, industry players have been actively expanding their offerings. Coinbase Derivatives Exchange launched in the United States in 2022, presenting American users with access to crypto futures. Additionally, Crypto.com’s North American derivatives exchange, Nadex, has introduced derivative products linked to popular memecoins like PepePEPE$0.00002129 and Floki Inu (FLOKI).
Arkham, renowned for its advanced blockchain tracking tools, has received significant investment, including backing from visionaries like Sam Altman, founder of OpenAI. As the crypto landscape continues to evolve, initiatives like Arkham’s loyalty program serve as a testament to the industry’s ongoing innovation and growth.
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