Arkham Exchange to Launch Spot Trading Restricted to US Users

Key Points:

• Arkham Intelligence plans to introduce spot trading on its exchange, offering both spot and futures trading pairs.
• U.S. users will be excluded from onboarding until Arkham Exchange is legally permitted in their state and country.

Arkham Intelligence, a blockchain data analytics platform, is preparing to launch spot trading on its exchange in the near future.

Read more: Arkham Responds To Accusations Of Government Affiliation, User Privacy Concerns

Arkham Exchange to Introduce Spot Trading Features

The exchange will also support both spot and futures trading pairs, and offer on-chain audits and proof-of-reserves while integrating into Arkham’s existing blockchain data dashboard.

With the assets to be traded at current market prices, spot trading is favoured among day traders due to its low spreads and no expiration date.

Arkham intends to add this feature, but not everyone will be eligible. Onboarding will depend on the jurisdiction. Users based in the United States will not be allowed to onboard until it is legally permissible in their state and country.

New Points System and Retail Focus for Arkham Exchange

Arkham Intelligence, founded in 2020, is behind the blockchain analytics platform that helps users understand who the entities and individuals are behind crypto market activities. Its investors include Bedrock, Draper Associates, Binance Labs, and Sam Altman.

Besides spot trading, Arkham Exchange intends to implement a special points system that will pay users for trading volume and referrals. This will interlink it with other Arkham products, such as Arkham and Intel Exchange. The exchange is positioned to serve retail traders and will go head-to-head against major platforms like Binance.