Blockchain analytics firm Arkham Research announced on Wednesday the launch of a perpetual futures trading exchange, marking Arkham's first direct foray into the cryptocurrency trading space.
Arkham noted in a promotional video that its new exchange will offer real-time on-chain auditing, verifiable proof of reserves, and support for spot/perpetual contract trading pairs. It will also integrate with Arkham's widely used data dashboard for tracking trades and tagging wallets.
ANNOUNCING THE ARKHAM PERPETUALS EXCHANGE pic.twitter.com/wDfJLb9nm0
— Arkham (@ArkhamIntel) November 6, 2024
Arkham's exchange is expected to go live next Wednesday, but potential users must register before the launch. The product will not be launched in certain jurisdictions, including the United States.
Arkham is one of the most watched crypto startups, having raised at least $12 million from investors including prominent venture capitalists like Peter Thiel and OpenAI CEO Sam Altman. Last year, the company launched a controversial on-chain intelligence trading platform, Intel Exchange, for users to trade on-chain data and information that helps identify cryptocurrency wallet holders.
The cryptocurrency market continues to rebound in anticipation of Trump's election, with Arkham's native token ARKM also kicking off a rally yesterday morning, with gains exceeding 24% to date. As of the deadline, the trading price of ARKM is approximately $2.12.
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