Originally published on: November 14, 2024
Arkham Intelligence, a prominent blockchain analytics firm, has unveiled an enticing points program aimed at luring traders to its brand-new cryptocurrency derivatives exchange. This initiative was announced on Nov. 14, and it offers traders the opportunity to accumulate points by engaging in spot crypto and perpetual futures contracts on the platform. The program is set to run for a duration of 30 days, allowing participants to convert their earned points into Arkham’s exclusive native token, ARKM.
With the recent launch of their digital assets derivatives exchange on Nov. 6, Arkham is gearing up to cater to retail traders and compete fiercely with established platforms like Binance. The exchange is designed to seamlessly integrate Arkham’s cutting-edge research capabilities, featuring live on-chain audits and proof-of-reserve (PoR) functionalities as highlighted in a recent post on the X platform. It’s important to note that access to this exchange is currently not available to individuals residing in the United States, as per Arkham’s guidelines.
In light of recent political events, such as Donald Trump’s victory in the US presidential election, the crypto market has experienced a significant surge. Industry experts believe that Trump’s win could potentially benefit the crypto sector, prompting a newfound wave of optimism among market participants. This positive sentiment is further bolstered by predictions from Bitfinex researchers, who anticipate a more favorable regulatory environment for crypto assets under the new administration.
The increasing popularity of crypto derivatives products is evident, with trading volumes surpassing $3 trillion in September alone, marking a substantial uptick from previous years. Established exchanges like the Chicago Mercantile Exchange (CME) have also embraced this trend, introducing innovative offerings to attract retail traders. Furthermore, emerging platforms like Coinbase Derivatives Exchange and Crypto.com’s Nadex have expanded their product offerings to include derivative contracts tied to popular meme coins like Pepe, Floki Inu, Dogelon Mars, and more.
Arkham’s reputation precedes itself, known for providing a state-of-the-art tool for tracking blockchain transactions and identifying entities linked to various crypto wallet addresses. With notable investors like Sam Altman, the founder of OpenAI, backing the company with a $12 million investment, Arkham is well-positioned to disrupt the crypto derivatives landscape.
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