Key Points
- Previously, Upbit listed ARKM/BTC and ARKM/USDT trading pairs.
- ARKM price spiked significantly following the listing announcement.
Earlier today, the largest crypto exchange in South Korea, Upbit announced the listing of a new trading pair for Arkham (ARKM), triggering a price spike for the digital asset.
Upbit’s ARKM/KRW Listing Announcement
Earlier, Upbit announced the listing of the ARKM/KRW trading pair for 4:00 PM South Korean time.
According to the official announcement, the withdrawal fee for ARKM is waived for about 24 hours after 3:30 PM South Korean time.
ARKM/KRW trading pair is listed on the Ethereum network.
Upbit had previously listed ARKM/BTC and ARKM/USDT trading pairs.
Following the crypto exchange’s announcement, ARKM recorded a significant price spike.
ARKM Price Surged
Ahead of the listing announcement, ARKM was trading at around $0.47 and its price surged to over $0.7 afterward. ARKM recorded a price surge of almost 42% in a relatively short amount of time, seeing its market cap go from around $107 million to over $158 million.
At the moment of writing this article, ARKM is trading at around $0.59 with a market cap of over $134 million, following a price correction, and the digital asset is up by more than 17% today.
What is Arkham (ARKM)?
Arkham is a blockchain analysis platform that uses AI to deanonymize the blockchain and on-chain data.
The platform has two main components:
- The Analytics Platform
- The Intel Exchange
The Analytics Platform covers analytics on various entities, exchanges, funds, whales and tokens and users can check the portfolio holdings, transaction history, exchange flows, network relationships, and other relevant data.
The Intel Exchange allows users to buy and sell address labels and other intelligence either via bounties, or auctions of the DATA Program.
Arkham uses an AI engine with various sources of data, including public records, social media, web scrapping and user submissions.
ARKM is the platform’s digital asset.
