The company is looking to capitalize on the massive amount crypto market traffic
Arkham Intelligence, a blockchain analytics firm known for its tools to track blockchain transactions, has announced the launch of its own cryptocurrency derivatives exchange. The new platform, targeting retail traders, aims to stand out in a competitive market by integrating Arkham’s research capabilities, along with live on-chain audits and proof-of-reserves (PoR) features, providing a level of transparency that the firm hopes will appeal to cautious investors.
ANNOUNCING THE ARKHAM PERPETUALS EXCHANGE pic.twitter.com/wDfJLb9nm0
— Arkham (@ArkhamIntel) November 6, 2024
In a post on X, Arkham confirmed that trading on the exchange will start next week. However, the platform will be unavailable to US users, limiting access to other global markets. This move places Arkham in competition with well-established crypto exchanges like Binance and Crypto.com, both of which also offer a range of crypto derivatives and futures products.
The timing of Arkham’s entry into the crypto derivatives market aligns with a significant uptick in trading activity. In September alone, the market for crypto derivatives hit over $3 trillion in trading volume, doubling its volume from the same period last year, according to data from CCData.
Retail traders, drawn to high-risk, high-reward opportunities in crypto markets, have been a key driver of this growth. Established platforms such as the Chicago Mercantile Exchange (CME) have also recently expanded their crypto offerings, highlighting the surge in demand for crypto derivatives.
With competitors continually innovating—such as Coinbase launching its own US-based crypto derivatives platform last year—Arkham’s entry reflects the expanding variety of options for investors interested in blockchain-based assets. Arkham has built a strong reputation for its blockchain tracking and wallet analysis tools, attracting high-profile investors, including Sam Altman, the founder of OpenAI. The firm raised $12 million in recent funding to support its continued development in blockchain analytics.
Arkham’s new exchange provides an alternative platform for traders looking to invest in crypto derivatives with a focus on transparency and security.
