CandleFocus ARKM Price Rally As Arkham Research Debuts Exchange With Perpetual Futures
2024-11-08
Author: Content Editor
Arkham Intelligence, a fast-growing company, has announced the launch of a new crypto derivatives exchange offering perpetual futures contracts. The exchange will provide a fully audited platform with proofs-of-reserve slots for retail traders, increasing transparency and accountability. Expected to compete with major exchanges like Binance and Huobi, the new offering marks Arkham's expansion into crypto trading. The move comes as the cryptocurrency derivatives market experiences significant growth, driven by retail traders looking to manage risk and capitalize on market fluctuations. ARKM, the native token of Arkham, has seen a price breakout and could potentially reach a resistance target of $2.72. Technical indicators and market demand support a bullish outlook for ARKM, although a short-term pullback is possible due to overbought conditions. With the launch of the new exchange, Arkham aims to gain influence in the crypto market and attract retail traders with its on-chain audits and proof-of-reserve features.
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