Arkham will compete with Coinbase, Crypto.com, to launch a trading platform.
Key receivers
Arkham Intelligence plans to expand its crypto trading services and launch a spot trading platform in the US. Availability of Arkham Spot Marketing Services may be limited by location and legal regulations.
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Arkham Intelligence will soon launch a space trading platform in the US—a move that will challenge several key market players, including Coinbase and Crypto.com. The company shared the plan in a Nov. 20 statement, but gave few details about the new offering.
Arkham said access to the location shopping service will be limited based on location and local regulations. US residents can use the platform only in states where crypto trading is legally allowed.
“Eligibility varies by jurisdiction. Users in the United States will be barred from boarding until they are legally allowed to board in their country and state, Arkham said.
The move follows Arkham's recent announcement to launch a crypto derivatives exchange that aims to challenge established players such as Binance. While the derivatives platform targets retail investors, it is not available to US clients due to regulatory restrictions.
In the year Founded in 2020 and backed by investors including Peter Thiel and Sam Altman, Arkham Intelligence specializes in blockchain data analysis using artificial intelligence. The company is expanding beyond its core data tracking business as it looks for new revenue streams without charging for its core search functions.
Arkham's ARKM token is up 7% after the latest news, currently trading at $2.09 on CoinGecko.
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