Arkham to Transition to Decentralized Crypto Trading Platform
Arkham rejects closure rumors and plans a full shift to decentralized trading, focusing on spot and perpetual contracts with benefits in self-custody, speed, and cost efficiency.
Summary
Arkham announced it will transition from a centralized exchange to a fully decentralized trading platform, dismissing speculation about shutting down. The revamped platform will specialize in decentralized spot and perpetual cryptocurrency contracts, emphasizing self-custody and operational advantages in speed and cost. No specific transition timeline was provided.
Terms & Concepts
- Spot Trading: The purchase or sale of a cryptocurrency for immediate delivery, rather than through derivatives or futures contracts.
- Perpetual Trading: A type of cryptocurrency derivatives trading without an expiration date, allowing positions to be held indefinitely.
- Decentralized Trading Platform: A trading venue that operates without a central authority, enabling peer-to-peer transactions directly between users via blockchain technology.