Arkham has launched a crypto derivatives exchange with an exciting 30-day points program that converts into ARKM tokens. Targeting major retail traders, it offers onchain audits and PoR but excludes U.S. users. Crypto derivatives trading is absolutely booming, just recently it hit a milestone of $3T+ volume with platforms like CME and Crypto.com baking it up for with futures tied to popular coins.
Arkham Intelligence is a blockchain analytics firm that primarily specializes in tracking and analyzing cryptocurrency transactions. It provides all tools essential in order to identify the entities behind crypto wallet addresses, and hence offers insights into blockchain activity. This blockchain analytics firm has started a points program to woo traders to its newly launched cryptocurrency derivatives exchange, according to an announcement made on Nov. 14.
You might also like: Bitfinex Hacker Lichtenstein Gets 5-Year Prison Sentence
This basically means traders can earn points from trading spot crypto and perpetual futures contracts. The program is set to last for overall 30 days and the points thus earned will be converted into Arkham’s native token, ARKM. On November 6, they even launched a digital assets derivatives exchange. This exchange will reportedly target retail traders and compete with existing platforms such as Binance. In short, it mixes their research with onchain audits and proof-of-reserve (PoR). But heads up, it’s not available for U.S. users. This is likely due to regulatory restrictions and compliance issues around crypto trading platforms in the country.
Read more: Hamster Kombat Surpasses $5.3B in Volume, Gains 11M Token Holders