Arkham Launches Perpetual Futures Exchange, Enters Derivatives Market

Arkham Intelligence, a blockchain analytics firm, is launching its new perpetuals exchange. In October, the company began preparing to pivot and offer derivatives contracts.

Trading will begin in one week, but Arkham has provided few details about its specific derivatives offerings.

Arkham’s Pivot to Derivatives

Blockchain analytics firm Arkham Intelligence announced that its perpetuals exchange is live. Specifically, signups are open, and trading will go live in one week.

This comes after reports from mid-October that Arkham was conducting a major relocation to facilitate a new derivatives exchange. Perpetual futures are the first derivatives that will be available on the Arkham exchange. The company has also announced “exchange points” to incentivize trading.

“Users can earn Arkham points based on their trading volume on the Arkham Exchange,” Arkham stated.

Read More: What are Perpetual Futures Contracts in Cryptocurrency?

Perpetual futures contracts are a type of derivative that is growing in the crypto space. For example, Coinbase, one of the industry’s largest exchanges, has listed several new perpetuals trades in the last few months. Coinbase launched these contracts for individual crypto assets one at a time; however, Arkham has not announced which assets it will offer.

Arkham’s announcement was very sparse in details. Its promotional video focused on features that naturally align with the firm’s existing blockchain intelligence capacities, like live on-chain auditing or traceable proof of reserves. It said nothing about the nature of the contracts themselves or even if the company planned to expand to other derivatives categories.

Nevertheless, this move has proved solidly bullish for Arkham. Its ARKM token plummeted earlier this year after some controversial token transfers. Since then, it has had one brief recovery and long-lasting doldrums.

However, ARKM’s price has risen healthily since the Arkham Exchange announcement. As of writing, it is trading at $2.15, up by 14.48% in the past 24 hours.

Read More: How To Make Money With Intel-To-Earn on Arkham Intelligence

Ultimately, nothing in this move so far suggests a radical change in the firm’s business strategy. Arkham had to relocate to the Dominican Republic to open its exchange, but all public statements focus on sophisticated analysis. Arkham Intelligence has built a formidable reputation on its blockchain data, which might continue to be a major cornerstone.