TL;DR
Arkham Intelligence has launched spot trading on its exchange, aiming to enhance transparency and attract both retail and institutional traders by integrating trading services with its robust blockchain data dashboard.
The Arkham Exchange will feature on-chain audits and traceable proof of reserves, ensuring enhanced transparency and security for traders, and making it especially favored by day traders.
While the spot trading feature is a significant addition, it will not immediately be available to U.S.-based users until the exchange obtains legal approval in individual states and jurisdictions.
Arkham Intelligence has launched spot trading on its exchange. This new feature aims to enhance transparency and attract retail and institutional traders by integrating trading services with Arkham’s robust blockchain data dashboard.
The addition of spot trading is seen as a strategic move to offer a seamless blend of trading capabilities and blockchain intelligence.
https://twitter.com/ArkhamIntel/status/1859262204375159129
Spot Trading Features and Benefits
The Arkham Exchange will feature on-chain audits and traceable proof of reserves, ensuring enhanced transparency and security for traders. Spot trading enables the buying and selling of assets at prevailing market prices, with no expiration dates involved.
This feature makes it especially favored by day traders, thanks to its narrow spreads and straightforward nature. By incorporating these features, Arkham aims to build user confidence and attract a broader range of traders seeking reliable and secure trading environments.
Regulatory Compliance
While the spot trading feature is a significant addition, it will not immediately be available to U.S.-based users. Arkham has clarified that onboarding in the United States will be restricted until the exchange obtains legal approval in individual states and jurisdictions.
This compliance with local regulations is central to Arkham’s expansion strategy, ensuring that the platform operates within the legal frameworks of each region it serves.
Competitive Positioning
Arkham’s move into spot trading positions it to compete with major exchanges like Binance, Crypto.com, and Coinbase, which dominate over 80% of USD-supported spot trading volumes.
The company’s CEO, Miguel Morel, has indicated that Arkham will monetize its platform without charging for its core blockchain search tools, aligning with its broader mission to merge trading and analytics. This strategy is expected to provide users with a streamlined experience, combining the best of both worlds.
Loyalty Program and Future Prospects
To drive the adoption of its trading platform, Arkham has announced a points program where traders can earn points by participating in spot crypto and perpetual futures trading.
These points can be converted into Arkham’s native token, ARKM, incentivizing active participation on the platform. This initiative, along with the launch of spot trading, positions Arkham to attract a diverse range of traders and solidify its presence in the competitive crypto exchange market.
