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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