Arkham Intelligence analytics platform will launch a spot exchange in the United States

What’s new? The Arkham Intelligence blockchain analytics platform team has announced the launch of a spot crypto exchange in the United States. It is noted that users will not be able to participate in trading unless authorized by the laws of their state.

Source: X.com

What else is known? In July, Arkham CEO Miguel Morel said that the team would look for alternative monetization methods to avoid introducing fees for the platform’s core features. The US spot exchange was the second Arkham platform announced in the last two months.

In early October, it was revealed that Arkham was preparing to launch a derivatives exchange for retail clients outside the US. As part of this initiative, the company moved its core business from London and New York to the Dominican Republic and registered a new derivatives business there.

This exchange was launched on November 6. It offers perpetual futures trading as well as real-time on-chain audit functions. The exchange is also integrated with Arkham’s core analytics platform, allowing for transaction tracking and wallet tagging.

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Back in July last year, Arkham launched the Arkham Intel Exchange platform for trading on-chain data, as well as the native token ARKM, which is used to pay rewards. On Intel Exchange, anyone can leave a request with a task, such as finding a company’s crypto wallet address, information about a hacker, or the developer of some project. In doing so, the user blocks a reward in ARKM tokens that the blockchain analyst can receive after completing the task.

Some crypto community members have criticized the Intel Exchange platform because it encourages the de-anonymization of other market participants in exchange for payments. However, Miguel Morel emphasized that the platform allows on-chain researchers to monetize their labor and share information.

Last July, an analyst under the nickname ErgoBTC earned $5000 in ARKM tokens for wallet data on Do Kwon, the founder of the collapsed Terra blockchain who was accused of multi-billion dollar fraud in several countries.

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The information that can be uncovered using Arkham’s tools often has public significance and potential impact on the crypto market. The platform has garnered a lot of attention this year as analysts actively used it to track bitcoin sales by the German government and the distribution of bitcoins by the bankrupt Mt.Gox exchange, which is gradually compensating customers a decade after the hack.

Arkham is one of the most popular platforms for collecting on-chain data and conducting research. It can be used to find information about the operations of exchanges, market makers, and influencers and their wallet addresses by asset. It also provides basic market data about cryptocurrencies such as daily trading volumes, capitalization, price lows, and highs.

There are a number of additional features such as visualization, price oracles, and tracking the movements of specific coins. To improve analytics, a widget of TradingView, a leading platform for technical analysis, was integrated last year. Arkham Intelligence supports most major blockchains, including Bitcoin, Ethereum, Solana, TON, TRON, BNB Chain, and Base.

The project has raised $12 million from a number of investors, including PayPal co-founder and billionaire Peter Thiel and CEO of AI research organization OpenAI Sam Altman.

The ARKM token ranks 139th in the overall cryptocurrency market capitalization ranking with over $647,3 million and is trading at $2,06, having added 1,4% overnight. The weekly drop was 0,2%, but the asset has risen 256% since the beginning of the year.