Arkham will launch an exchange of crypto perpetuals
Blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange, according to a November 6 announcement.
The exchange is said to target retail traders and compete with existing platforms such as Binance.
It integrates Arkham's research and provides on-chain auditing and proof-of-resources (PoR), Arkham said in a post on the X forum.
Trading will begin next week, but the exchange will not be available to people in the United States, Arkham said.
Source: Arkham
The crypto derivatives market is exploding, driven mainly by trading activity from retail investors.
According to a CCData report, the trading volume of Crypto derivatives exceeded $1.5 trillion in September, up from $3 trillion a year ago.
Crypto derivatives are also on the rise, including on established exchanges such as the Chicago Mercantile Exchange (CME).
On September 29, CME's Bitcoin Friday Futures (BFF) derivatives exchange was launched, dubbed “the most successful crypto futures launch ever.”
In the year In 2022, Coinbase Derivatives Exchange launched in the United States, bringing the future of crypto to Coinbase's tens of millions of American users.
On October 8, Crypto.com's North American derivatives exchange, Nadex, listed derivatives contracts linked to memecoins, including Pepe (PEPE) and Floki Inu (FLOKI).
According to Commodity Futures Trading Commission (CFTC) filings on Oct. 7, it listed derivatives linked to Dogelon Mars (EON) and Bonke.
Options on BTC exchange-traded funds (ETFs) could launch in the United States in the first quarter of 2025, according to Bloomberg Intelligence analyst James Seifert.
Analysts After the victory of the Republican candidate Donald Trump in the US presidential election on November 5, crypto products are expected to increase.
Bitfinex researchers expect a “new wave of optimism” entering crypto markets as Trump's election wins as federal agencies take a less hostile stance on crypto.
Arkham is known for providing a popular tool for tracking blockchain transactions and identifying entities associated with different crypto wallet addresses.
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