Arkham Intelligence, the platform behind Arkham (ARKM), an altcoin listed on Binance, announced in its latest announcement that it will be making a truly unexpected move.
According to the report, Arkham has announced that it will be building a spot cryptocurrency trading platform in the US. The developers recently announced that they will be creating a futures platform that will exclude US users.
However, Arkham still has the following warning for US users in its new product:
“Eligibility may vary by location. Users residing in the United States are excluded from participation until participation is permitted by law in their country or state.”
This event also caused fluctuations in the price of the ARKM token. The pump size that followed the development resulted in an increase of more than 10% at its peak.
The move appears to be preparation for an expected relaxation of cryptocurrency regulations in the US. Under normal circumstances, creating a cryptocurrency exchange that will operate in the US requires very significant regulatory approvals, but Arkham appears to be preparing for the easing that will come with the new administration.
There is no information yet about when the platform will launch.
*This is not investment advice.
