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Arkham launches crypto perpetuals exchange

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Arkham, a new cryptocurrency exchange platform, has launched a dedicated market for crypto perpetual contracts. The exchange aims to provide traders with advanced tools to speculate on digital asset prices with leveraged positions. Perpetual contracts, which do not have an expiration date, have become a popular product in the crypto space, allowing users to maintain positions for as long as they want while benefiting from price fluctuations.

The new exchange offers a variety of perpetual contracts for major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and others, with leverage options that appeal to both retail and institutional traders. Arkham’s platform focuses on providing a seamless and user-friendly experience while maintaining advanced features for more experienced traders. The exchange also includes risk management tools, such as stop-loss orders, to help mitigate the inherent risks of leveraged trading.

Arkham’s launch comes at a time when demand for crypto derivatives is increasing, driven by institutional adoption and the growing popularity of decentralized finance (DeFi). The exchange positions itself as a competitive player in the rapidly expanding market for crypto derivatives, which has seen significant growth in trading volumes over the past year. Arkham also highlights its commitment to transparency, security, and customer service as key differentiators in a crowded market.

With the introduction of its perpetual contracts exchange, Arkham is looking to capture a share of the lucrative and fast-growing crypto derivatives market. As more traders seek exposure to cryptocurrencies without owning the underlying assets, Arkham’s platform could play a crucial role in meeting the evolving needs of the digital asset ecosystem.

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Ripple ordered to hand over 1 million Slack messages to the SEC

U.S. Magistrate Judge has ordered Ripple to produce one million missing Slack messages between employees which the Securities and Exchange Commission has sought to access to. 

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U.S. Magistrate Judge has ordered Ripple to produce one million missing Slack messages between employees which the Securities and Exchange Commission has sought to access to. 

Despite Ripple’s protestations that complying would cost up to $1 million, the judge believed the messages are critical and unique evidence for the SEC’s ongoing case against the multi-billion dollar company for selling unregistered securities. The SEC filed suit against Ripple Labs and its initial and current CEOs for selling XRP as an unregistered security in December 20.

The original motion to compel Ripple from August 9, the SEC argued that the messages between Ripple employees were “relevant to the parties’ claims and defenses and proportional to the needs of the case.” It also said that Ripple should deliver all messages from 22 email custodians in addition to the Slack messages:

Last month, the SEC told Judge Netburn that the Slack messages which Ripple produced appeared to be incomplete. Ripple initially denied this claim, but revised its statement by claiming it was a data processing mistake which resulted in the company only producing a small amount of the relevant messages, and that more than one million messages were missing.

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