Arkham Intelligence has just launched a cryptocurrency derivatives exchange targeting retail traders, setting up competition with Binance.
The exchange will incorporate Arkham’s research, featuring on-chain auditing and proof of reserves (PoR). Trading will begin next week but will not support U.S. users.
The crypto derivatives market is booming, with trading volume surpassing $3 trillion in September, double the volume from the previous year. Derivative products have gained popularity on major exchanges like CME, Coinbase, and Nadex.
CME recently launched Bitcoin Friday Futures (BFF) successfully, while Nadex listed derivatives linked to memecoins like PEPE and Floki Inu.
CFTC filings show a number of new derivatives listings, including Dogelon Mars (ELON) and BONK.
According to Bloomberg, Bitcoin ETF options may launch in the U.S. in early 2025. Experts predict that the crypto market could expand if Trump wins the election, due to expectations of more crypto-friendly federal policies.
Arkham, known for its blockchain tracking tools, previously raised $12 million from investors, including OpenAI’s Sam Altman.
