Arkham Intelligence, the platform behind Arkham (ARKM), an altcoin listed on Binance, has announced in its latest post that it will be making a truly surprising move.
According to the post, Arkham announced that it will be building a spot cryptocurrency trading platform in the US. The developers recently announced that they will be building a futures platform that will work to exclude US users.
However, Arkham still issued the following warning to US users in its new product:
“Eligibility may vary by location. Users residing in the United States are excluded from participation until participation is legally permitted in their country or state.”
The development also caused a fluctuation in the price of the ARKM token. The size of the pump that followed the development brought an increase of more than 10% at its peak.
This move appears to be a preparation for the expected loosening of cryptocurrency rules in the U.S. Under normal circumstances, establishing a cryptocurrency exchange that will operate in the U.S. requires very serious regulatory approvals, but Arkham appears to be preparing for the softening that will occur with the new administration.
There is no information yet on when the platform will be operational.
*This is not investment advice.