Arkham Intelligence has launched a cryptocurrency derivatives exchange aimed at retail traders, competing with Binance.
The exchange will integrate Arkham Research, feature on-chain auditing and proof of reserves ( PoR ). Trading will begin next week but will not support US users.
The cryptocurrency derivatives market is booming, with trading volume exceeding $3 trillion in September, doubling year-over-year. Derivatives products have become popular on major exchanges such as CME, Coinbase and Nadex.
CME just successfully launched Bitcoin Friday Futures (BFF), while Nadex listed derivative contracts related to memecoins such as PEPE and Floki Inu.
Filings from the CFTC show several newly listed derivatives, including Dogelon Mars (ELON) and BONK.
According to Bloomberg, options on Bitcoin ETFs could launch in the US as early as 2025. Experts predict the cryptocurrency market will grow if Trump wins the election, due to expectations of friendlier federal policies.
Arkham, best known for its blockchain tracking tool, previously raised $12 million from investors, including OpenAI's Sam Altman.