Arkham Platform for Spot Trading Poised to Debut in the US Market

Arkham Intelligence is gearing up to introduce a spot trading platform within the US market, positioning itself as a contender against notable industry giants like Coinbase and Kraken. The company’s announcement made on X (previously known as Twitter) offered minimal information regarding the platform’s features and functionalities.

Compliance with regional laws is pivotal, hence the trading service will be available exclusively in American states that authorize cryptocurrency trading activities.

Arkham Expands Its Corporate Horizons

Arkham is broadening its suite of services, having recently outlined its ambitions for a cryptocurrency derivatives exchange. Unlike the spot platform, the derivatives exchange is set to cater to non-U.S. retail investors due to the stringent regulatory landscape within the United States.

Subsequent to the public statement, there was a noticeable 7% uptick in the price of Arkham’s proprietary ARKM token, which later adjusted. As of the latest update, ARKM is valued around the $2.09 mark. 

The July 2023 inception of Arkham’s ARKM token led to an appreciable 350% return within its first year.

Established in 2020, Arkham Intelligence has carved a niche in the realm of AI-powered blockchain data analytics and enjoys the support of industry heavyweights like Peter Thiel and Sam Altman, CEO of OpenAI, as seen on this page.

Capitalizing on its renown in the realm of crypto analytics, Arkham is now venturing into new business avenues, extending its array of offerings beyond the complimentary blockchain search tools and data inspection services.

The enterprise continues to innovate its current analytics platform. Just recently, Arkham enhanced its existing services by including Solana blockchain insights within its analytics capabilities, providing users with insights into a variety of on-chain Solana transactions.

Although these new ventures represent a progression for Arkham, they stay true to the company’s original vision of offering advanced blockchain analytics and adapting to compliance requirements.

Prior to these developments, Arkham disclosed tentative plans to shift its operations to the Dominican Republic, a strategic move aimed at simplifying regulatory complexities as it continues to grow.