Arkham Intel plans to launch a spot trading platform in the United States, with user eligibility varying by jurisdiction. U.S. users must be able to register based on the laws of their state. Spot trading involves buying and selling assets at current market prices. Arkham recently announced additional exchange plans, including a derivatives exchange in early October and a perpetual contract exchange on November 6. Arkham will compete with companies like Crypto.com and Coinbase, which together hold over 80% of the U.S. dollar-supported crypto trading market share. Arkham CEO Miguel Morel stated that the company will explore monetization options for the platform, but the core search functionality will remain free.

Crypto data tracking firm Arkham Intel plans to launch a spot trading platform in the United States.User eligibility for the spot trading exchange will vary by jurisdiction. Individuals in the United States cannot onboard unless their state legally allow it, however, Arkham said in a Wednesday post on X. Spot trading entails buying or selling an asset at current market price.The forthcoming spot trading platform marks yet another exchange Arkham announced in recent months. In early October, Arkham unveiled plans to release a derivatives exchange to compete with Binance and other big names in the crypto industry for retail interest. Arkham entered the crypto trading business by launching a perpetuals exchange on Nov. 6, The Block previously reported.In July, Arkham CEO Miguel Morel said the firm would look for ways to monetize its platform without charging for its core search functionality, The Block reported.Arkham will face the likes of exchanges Crypto.com and Coinbase, which combined hold over 80% of USD-supported crypto exchange market share, for spot trading volumes, according to The Block's Data Dashboard.In July, Arkham CEO Miguel Morel said the firm would explore ways to monetize the platform but would keep core search and research functions free.The Block contacted Arkham for comment.

Arkham Intel will launch a spot trading platform in the United States.