Arkham announces a new perpetuals exchange

Blockchain analysis firm Arkham Intelligence has announced the launch of a new perpetual futures exchange.

Arkham Perpetuals Exchange will launch next Wednesday and offer users a platform for spot and futures trading. In its announcement, the platform said that the platform will provide on-chain auditing and traceable proof of reserves.

Arkham (ARKM) plans to integrate the exchange with the analytics platform’s existing suite of products, giving users access to research and market research tools. Registrations for the exchange have already been opened ahead of its launch.

However, Arkham notes that eligibility will vary by jurisdiction, and residents of certain countries, including the United States, are not allowed to use the platform.

Users who open an Arkham Exchange account will have the chance to earn points.

According to the blockchain analysis firm, these will be allocated based on the user’s transaction volume. Arkham Points will be available to everyone, but VIP accounts will have the opportunity to earn a 10% increase. Arkham users can redeem their points for ARKM after the first 30 days of trading on the exchange.

Arkham’s launch of the criminal exchange follows reports that it was looking at a crypto derivatives platform in October. The launch of the exchange will be the latest milestone for Arkham, following the launch of its native token ARKM and the launch of the Intel Exchange market.

Despite initial mixed reactions to the market’s launch, Arkham has facilitated on-chain intelligence trading for crypto. ARKM has grown over the past few months to become one of the top 150 cryptocurrencies by market cap.

Backed by billionaire investor Peter Thiel and OpenAI CEO Sam Altman, Arkham’s native token is currently trading around $2.15 and its price is up 27% in the last 24 hours.