Originally published on: November 14, 2024
Arkham Intelligence, a leading blockchain analytics firm, has recently launched an innovative points program aimed at attracting traders to its new cryptocurrency derivatives exchange. Traders have the opportunity to earn points by trading spot crypto and perpetual futures contracts, with the chance to convert them into Arkham’s native token, ARKM, as announced on Nov. 14.
The exchange, which was unveiled on Nov. 6, is set to cater to retail traders and compete with major platforms like Binance. Designed to offer a seamless trading experience, Arkham’s exchange integrates cutting-edge research, live onchain audits, and a proof-of-reserve (PoR) system, ensuring transparency and security for users on the platform.
Despite its numerous features and benefits, Arkham’s exchange is currently not accessible to traders in the United States, according to the company’s statement.
The announcement of Arkham’s points program comes amidst a surge in the crypto market following Donald Trump’s recent victory in the U.S. presidential election. Analysts anticipate a positive outlook for the industry as federal agencies are expected to adopt a more favorable stance towards cryptocurrencies under the new administration.
The popularity of crypto derivatives products has been on the rise, with trading volume exceeding $3 trillion in September alone. Established exchanges like the Chicago Mercantile Exchange (CME) have seen a significant increase in activity, driven mainly by retail traders looking to capitalize on the volatile crypto market.
In addition to Arkham’s initiative, other major players in the industry have also launched derivative products. Coinbase Derivatives Exchange introduced crypto futures to its American users, while Crypto.com’s North American derivatives exchange listed contracts tied to popular memecoins like PepePEPE$0.00002177, Floki Inu (FLOKI), Dogelon Mars (ELON), and BONK.
With its reputation for providing top-notch blockchain analytics tools and securing substantial funding from prominent investors like Sam Altman, Arkham is poised to make a significant impact in the world of crypto derivatives trading.
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