Arkham Exchange Expands US Spot Trading Services

Arkham Exchange, a cryptocurrency trading platform, is set to expand its services in the United States. Starting March 1st, the exchange will offer spot trading services to users in 17 states, marking a significant step in its growth strategy.

The move comes after Arkham Intelligence, the parent company of Arkham Exchange, announced its plans to launch a USDT-based perpetual contract exchange last November. The states that will be included in this expansion are Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wisconsin, California, Massachusetts, and Montana.

With this launch, Arkham Exchange will enter the USD-supported exchange market, which is currently dominated by Crypto.com and Coinbase. These two exchanges hold an 85% market share in this segment, according to data from The Block. By offering spot trading services, Arkham Exchange aims to tap into this lucrative market and attract a larger user base.

The expansion into spot trading is a strategic move for Arkham Exchange, as it seeks to diversify its offerings and cater to a broader range of cryptocurrency traders. By providing access to spot trading in multiple states, the exchange is positioning itself as a competitive player in the U.S. cryptocurrency market.