Arkham Intelligence to Launch Spot Trading Exchange, U.S. Users Await Regulatory Approval

Arkham Intelligence is set to launch a new spot trading exchange. They recently shared this exciting news on the social media platform X. The launch is expected as soon as next week.

However, there’s a catch. Some users in the U.S. will need to wait until the platform is fully regulated. Arkham made it clear: “Eligibility varies by jurisdiction. Users residing in the United States will be excluded from onboarding until onboarding is legally permitted in their country and state.”

Earlier this October, Arkham announced plans for a derivatives exchange. This move aims to compete with Binance, the largest crypto exchange in the world. Sources close to the matter say that Arkham, founded in 2020, is building its own technology and infrastructure for the exchange. They’re also in talks with investors in the Middle East to raise $100 million.

Notably, one of their investors is Sam Altman, the CEO of OpenAI and the founder of Worldcoin (WLD). As for Arkham’s native token, ARKM, it’s currently trading at $2.09, with a market cap of $663 million.

This is a significant development in the crypto space, and many are eager to see how it unfolds.