Arkham Intelligence, the company behind the Binance-listed altcoin Arkham (ARKM), has announced a surprising move to launch a spot cryptocurrency trading platform in the United States. This announcement comes shortly after the company revealed plans for a futures trading platform specifically excluding US users due to regulatory restrictions.
While the company intends to offer spot trading in the US, it included a significant caveat: “Eligibility may vary by region. Users residing in the United States will be excluded from participation until participation is legally permitted in their country and state.” This suggests the platform’s US launch is contingent on future regulatory changes.
The news sparked immediate price action for the ARKM token, pumping its value by over 10% at its peak.
Arkham’s move appears to anticipate a potential easing of cryptocurrency regulations in the US. Establishing a cryptocurrency exchange in the US typically requires navigating a complex regulatory landscape. Arkham’s proactive approach suggests they are positioning themselves to capitalize on a potentially more favorable regulatory environment under the new administration.
The launch date for the new trading platform remains undisclosed.
