Crypto exchange and data analytics firm Arkham Intelligence has announced it will begin offering spot crypto trading to users in 17 U.S. states starting March 1, 2025. The move is a significant expansion for the platform, following through on its November 2024 promise to diversify trading options beyond its USDT-based perpetual contracts.
The new spot trading feature will be available to users in Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wisconsin, California, Massachusetts, and Montana. This rollout enables users in these states to buy and sell cryptocurrencies directly at market prices, without the complexities associated with leveraged or derivative products.
With the launch of spot trading, Arkham aims to challenge major U.S. exchanges like Coinbase and Crypto.com, which currently dominate 85% of the USD-supported trading market. By offering a straightforward, user-friendly spot trading platform, Arkham hopes to attract a broader range of traders—from beginners seeking simple transactions to seasoned investors looking for competitive alternatives.
This expansion highlights Arkham’s strategic focus on increasing its market share in the U.S. while providing users with more diverse trading options.
Arkham Intelligence, the AI-Powered Crypto Intelligence
Arkham has emerged as a leading force in blockchain intelligence, offering a unique platform that goes beyond simple transaction tracking. Using its proprietary Ultra algorithm—an AI-powered address matching engine—Arkham systematically deanonymizes blockchain transactions, revealing the real people and companies behind on-chain activity. This technology gives users unparalleled insights into the movements that drive the digital asset markets, providing data and behavioral analytics that help market participants gain an edge.
The Ultra engine works at scale, linking blockchain addresses to real-world entities and aggregating data to present a full picture of market behavior. By exposing these connections, Arkham empowers traders, investors, and institutions to make informed decisions based on comprehensive market intelligence, offering a competitive advantage in an increasingly complex crypto landscape.
Arkham’s innovation and impact haven’t gone unnoticed. The platform has completed successful Seed and Series A fundraising rounds, attracting high-profile investors, including the founders of Palantir and OpenAI, as well as notable venture capitalists like Geoff Lewis of Bedrock and Tim Draper. Its founding team, veterans of the crypto space, previously launched a stablecoin project designed for hyperinflationary economies, backed by industry heavyweights like Peter Thiel, Sam Altman, Coinbase, and Digital Currency Group.
Market Reactions and Activities
Arkham’s native token, ARKM, has seen a notable 11.5% price increase over the past 24 hours, climbing to $0.69, However, it is still trading well below its six-month high of $2.63, recorded in early December 2024, reflecting the broader market volatility impacting altcoins in recent months.
The recent price surge follows Arkham’s high-profile bounty payout to renowned blockchain investigator ZachXBT. The platform awarded 50,000 ARKM tokens (valued at approximately $34,000 at the time) to ZachXBT for successfully linking the $1.4 billion Bybit hack to North Korea’s notorious Lazarus Group. This bounty, part of Arkham’s ongoing commitment to incentivize on-chain investigations, has reinforced the platform’s role in enhancing transparency and security within the crypto space.
Quick Facts:
- Arkham Intelligence will begin offering spot crypto trading to users in 17 U.S. states starting March 1
- States Included: 17 U.S. states, including California, New Jersey, and Massachusetts
- With the launch, Arkham aims to challenge major U.S. exchanges like Coinbase and Crypto.com,
