Arkham Exchange Will Launch Spot Trading in US

Crypto exchange and data analytics firm Arkham Intelligence announced on Saturday that it will start offering spot crypto trading to users in seventeen US states beginning March 1.

This development follows Arkham’s previous announcement from last November and the launch of its USDT-based perpetuals exchange.

The states where spot trading will be available include 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 aims to compete with other USD-supported exchanges, in a market currently dominated by Crypto.com and Coinbase, which together account for 85% of the market share.