Outside Source
Blockchain analytics firm Arkham Intelligence has announced the launch of a new perpetual futures exchange.
The Arkham Perpetuals Exchange is set to go live next Wednesday, offering users a platform to trade spot and perpetual futures. The platform will provide on-chain auditing and traceable proof of reserves, the platform said in an announcement.
Arkham (ARKM) plans to integrate the exchange with its analytics platform’s existing product suite, enabling users to access research and market investigation tools. Signups for the exchange have already opened ahead of its launch.
However, Arkham notes that eligibility will vary by jurisdiction, with residents in certain countries, including the United States, not permitted to use the platform.
Users who open Arkham Exchange accounts will have a chance to earn points.
These, according to the blockchain analytics firm, will be allocated based on a user’s trading volume. Arkham Points will be available to everyone, although VIP accounts will have an opportunity to earn a 10% boost. Arkham users can redeem their points for ARKM, with this available after the first 30 days of trading on the exchange.
Arkham’s launch of the perps exchange follows reports in October it was eyeing a crypto derivatives platform. The exchange’s launch will be the latest milestone for Arkham following its release of the native token ARKM and the launch of its Intel Exchange marketplace.
Despite initial mixed reactions to the marketplace’s debut, Arkham has facilitated the trading of on-chain intelligence for crypto. Over the past few months, ARKM has grown to rank among the top 150 coins by market cap.
Arkham, backed by billionaire investor Peter Thiel and OpenAI CEO Sam Altman, currently has its native token trading near $2.15, with its price up 27% in the past 24 hours.
This article first appeared at crypto.news
