The Arkham Exchange is finally live with an initial trading of Bitcoin (BTC), Ethereum (ETH) and some top altcoins. After weeks of preparation, the trading platform which many believe might challenge Coinbase Exchange is finally launched. Notably, Arkham Exchange chose the heart of the bull market cycle to launch score maximal hype in the market.
The Arkham Exchange – The Starting Pairs
Branded as a derivatives exchange, the Arkham trading platform has a big shoe to fill in the market. Notably, it chose some of the top coins with the right market liquidity and community. As announced, it is starting with BTC/USDT, ETH/USDT, SOL/USDT, ARKM/USDT, DOGE/USDT, PEPE/USDT, WIF/USDT, TON/USDT, AVAX/USDT, and FET/USDT.
Majority in the market first heard of Arkham Exchange earlier in October. With this launch, the trading platform revealed that users can now access both spot and perpetuals offerings tied to these pairs.
ARKHAM EXCHANGE: DAY 1 SUPPORTED ASSETS
The following assets are available to trade on the Arkham Exchange, for both Spot & Perpetual pairs:
BTC/USDT
ETH/USDT
SOL/USDT
ARKM/USDT
DOGE/USDT
PEPE/USDT
WIF/USDT
TON/USDT
AVAX/USDT
FET/USDT pic.twitter.com/systoIHaIJ— Arkham (@ArkhamIntel) November 13, 2024
Competing in the crypto ecosystem entails many things. The first is adhering to regulatory provisions. While most firms circumvent this by denying services to users in stric areas like the United States, things are changing. Besides launching during the bull market cycle, Arkham launched the trading platform at a time the country has voted in a pro-crypto President – Donald Trump.
With this move, the expectation is that more regulatory clarity will be achieved. If achieved, this will help in leveling the playing field for Arkham to take on rivals like Coinbase and Binance.
Building on Current Influence
As a brokerage spun out of Arkham Intelligence, the platform occupies a very pivotal position in the crypto industry. It helps in breaking many of the core data insights relating to onchain wallet activities.
The protocol first flagged the Mt Gox Bitcoin transfers. Also, the protocol hinted at the compromise on the US Government’s wallet last month.
Though there are many data services firm in the market, Arkham Intelligence has managed to carve a niche for itself. The firm is now building on this momentum to scale the crypto trading platform accordingly.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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