Crypto exchange and data analytics firm Arkham Intelligence will begin offering spot crypto trading to users in seventeen U.S. states starting March 1, the company announced on Saturday.
The move follows through on Arkham's announcement from November of last year, and follows the launch of its USDT-based perpetuals exchange. Spot trading 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.
With the launch, Arkham will compete against other USD-supported exchanges in a market dominated by Crypto.com and Coinbase, which jointly hold an 85% market share, according to The Block's data.
Arkham's native token, ARKM, is up 11.5% in the past twenty-four hours, according to The Block's ARKM Price Page, rising to a value of $0.69. However, the token has fallen significantly from its six-month high of about $2.63 in early December, 2024.
Arkham recently awarded a bounty of 50,000 ARKM tokens to security researcher ZachXBT, who linked the recent $1.4 billion hack of centralized crypto exchange Bybit to the North Korean state-sponsored hacking organization Lazarus Group.
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