Arkham Intelligence Launches Perpetual Futures Exchange Ahead of ARKM Token Unlock

Blockchain analytics firm Arkham Intelligence has announced the launch of a new perpetual futures exchange. The Arkham Perpetuals Exchange is set to go live next Wednesday

Blockchain analytics firm Arkham Intelligence is launching a perpetual futures exchange.

The Arkham Perpetuals Exchange will go live next Wednesday, offering users a platform to trade both spot and perpetual futures. The platform will also feature on-chain auditing and traceable proof of reserves, according to an announcement from the platform.

Arkham (ARKM) also plans to integrate the exchange with its analytics platform’s existing product suite, allowing users to access research and market investigation tools. Signups for the exchange have already opened ahead of its launch.

However, Arkham notes that eligibility will vary by jurisdiction, with residents in certain countries, including the United States, not permitted to use the platform.

Users who open Arkham Exchange accounts will have a chance to earn points. These points, according to the blockchain analytics firm, will be allocated based on a user’s trading volume. Everyone will be able to earn Arkham Points, though VIP accounts will have an opportunity to earn a 10% boost. After the first 30 days of trading on the exchange, Arkham users can redeem their points for ARKM.

Arkham's launch of the perps exchange follows reports in October that the company was eyeing a crypto derivatives platform. The exchange's launch will be the latest milestone for Arkham following its release of the native token ARKM and the launch of its Intel Exchange marketplace.

Despite initial mixed reactions to the marketplace’s debut, Arkham has facilitated the trading of on-chain intelligence for crypto. Over the past few months, ARKM has grown to rank among the top 150 coins by market cap.

Arkham, backed by billionaire investor Peter Thiel and OpenAI CEO Sam Altman, currently has its native token trading at around $2.15, up 27% in the past 24 hours.

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