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Home»ALTCOIN NEWS»Cryptocurrency intelligence platform Arkham announces new spot trading exchange in the US
ALTCOIN NEWS

Cryptocurrency intelligence platform Arkham announces new spot trading exchange in the US

By Crypto FlexsNovember 21, 20242 Mins Read
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Cryptocurrency intelligence platform Arkham announces new spot trading exchange in the US
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Market analytics platform Arkham Intelligence has announced the launch of a new spot trading exchange.

In a new thread on social media platform

However, Arkham notes that some US users will have to wait until the platform is fully regulated.

“Eligibility varies by jurisdiction. Users located in the United States are excluded from onboarding until onboarding is legally permitted in their country and state.”

According to previous reports, Arkham first announced in October that it would launch a derivatives exchange as a means to compete with Binance, the world’s largest cryptocurrency exchange.

At the time, Arkham, which launched in 2020, was building the technology and digital infrastructure needed to run the exchange itself but was in talks with Middle Eastern investors to raise $100 million, an anonymous source familiar with the matter said.

Other investors include Sam Altman, CEO of OpenAI and founder of identity-focused project Worldcoin (WLD).

Arkham’s native token, ARKM, is currently trading at $2.09 with a market capitalization of $663 million.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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