Cryptocurrency tracking platform Arkham (ARKM), which also has an altcoin of the same name, announced that it will launch a new private cryptocurrency derivatives exchange.
According to the launch video, this exchange will not be decentralized but will be able to be audited live via onchain data.
It was also announced that there will be both futures and spot pairs on the exchange. In addition, there will be a “proof of reserves” system that allows proof of exchange reserves, a model that almost all cryptocurrency exchanges have used recently.
Arkham was recently launched and has garnered a lot of attention. The company distributes its own ARKM tokens as rewards to those who decipher the wallet addresses of people who have cryptocurrency investments but whose wallet addresses are unknown. Similarly, token rewards are provided to those who reveal who owns famous cryptocurrency wallet addresses.
The ARKM token has surged by nearly 3% following the announcement of the new cryptocurrency exchange, with the increase in the last 24 hours reaching an impressive 23%.
*This is not investment advice.