ARKM Price Rally As Arkham Research Debuts Exchange With Perpetual Futures
The post ARKM Price Rally As Arkham Research Debuts Exchange With Perpetual Futures appeared on BitcoinEthereumNews.com.
Arkham Intelligence is fast growing and has now opened its new line of business through crypto derivatives exchange whereby contracts for perpetual futures contracts will be offered. The full on-chain audited platform of Arkham’s new exchange will have PoR slots for the retail trading circuit. This will enhance openness to the individuals trading in the cryptocurrency market enhancing accountability. The platform of Arkham is built based on blockchain analysis that provides users with data insights necessary for determining connected persons by the given crypto wallet numbers. – Advertisement – Expected to start trading next week, the exchange will go up in direct competition with Binance and others such as Huobi but shall not operate in the U.S due to legal restraints. The new offering marks Arkham’s first move to broaden its services beyond analytics into crypto trading. With the integration of live audits, Arkham aims to reassure users about the stability and security of funds, tapping into growing demand for transparency in crypto exchanges. Analysts see this expansion as a milestone, that will allow Arkham increase its influence in the crypto market. Arkham is launching its own Perp dex. Bullish on Arkham. The built the best onchain analytics platform. Will they do the same with a perp dex? We’ll see. https://t.co/J4ldP0r8q4 — Ericonomic (@ericonomic) November 6, 2024 Rising Demand for Crypto Derivatives and Perpetuals The cryptocurrency derivatives market has continued to experience robust growth with trading volumes of up to $3 trillion registered in September from $1.5 trillion in the same period last year. This is mainly attributed to the increased trading by the retail traders as derivative products trading picks up. Arkham follows this trend as crypto investors aim to mitigate risks and exploit the fluctuations in the market. Furthermore, Arkham’s entry will increase competition in this sector. More…
Filed under: News - @ November 8, 2024 9:20 am