Originally published on: November 14, 2024
Arkham Intelligence, a leading blockchain analytics firm, has rolled out an innovative points program to entice traders to its recently launched cryptocurrency derivatives exchange. Traders are now able to earn points by engaging in spot crypto and perpetual futures contracts on Arkham’s platform, with the opportunity to convert these points into ARKM, the company’s native token.
The points program, scheduled to run for 30 days, aims to attract traders to Arkham’s brand-new digital assets derivatives exchange, which officially went live on November 6. This exchange caters to retail traders and is poised to rival industry giants like Binance. Equipped with live on-chain audits and proof-of-reserve (PoR) features, Arkham’s exchange offers a secure and transparent trading environment.
Despite the buzz surrounding crypto derivatives in the wake of Donald Trump’s electoral victory, Arkham’s exchange remains inaccessible to users in the United States. Nonetheless, experts predict a surge of optimism within crypto markets post-Trump’s win, with Bitfinex researchers forecasting federal agencies’ more favorable stance on cryptocurrency.
The growing popularity of crypto derivatives is evident as trading volumes surpassed $3 trillion in September, doubling from the previous year. Established exchanges like the Chicago Mercantile Exchange (CME) have joined the trend, with CME’s Bitcoin Friday Futures (BFF) launch deemed a resounding success. Additionally, Crypto.com’s North American derivatives exchange, Nadex, now offers contracts tied to trending memecoins like PepePEPE and Floki Inu (FLOKI).
Arkham, renowned for its blockchain transaction tracking tools, has clinched $12 million in investments, with high-profile backers like Sam Altman, OpenAI’s ChatGPT creator, supporting its ventures.
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