Arkham Intelligence to Launch Spot Crypto Trading in the U.S. Next Week
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Arkham Intelligence, a crypto exchange and analytics company, is expanding its services to include spot crypto trading, set to launch in 17 U.S. states on March 1.
This move follows the firm’s previous announcement from November 2024 and the recent introduction of its USDT-based perpetuals exchange.
Spot trading will be accessible to users in Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wisconsin, California, Massachusetts, and Montana.
By entering the spot trading space, Arkham aims to challenge major players like Crypto.com and Coinbase, who currently dominate the market with an 85% share.
The company’s native token, ARKM, saw an 11.5% rise in the last 24 hours, reaching $0.69, though it remains far below its six-month peak of approximately $2.63 in December 2024.
Additionally, Arkham recently rewarded security researcher ZachXBT with 50,000 ARKM tokens for linking a $1.4 billion hack on Bybit to the North Korean hacking group Lazarus.
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