Explore the intriguing world of cryptocurrency investments with our latest coverage on Binance Labs' strategic move in Arkham's unique token, ARKM.
Learn about its sudden price surge and its impact on the crypto market in our detailed analysis.
Binance Labs' Investment in ARKM
On November 15, 2023, Binance Labs, the venture capital and incubation division of the cryptocurrency exchange Binance, announced its investment in Arkham's unique token, "ARKM".
Arkham provides a tool that enables tracking of on-chain information, such as cryptocurrency transactions.
Arkham is a blockchain analytics company that offers an on-chain data tracking tool, making it easier to follow and verify various cryptocurrency transaction records.
The company aims to demystify the anonymity of transactions conducted on the blockchain and strengthen self-regulation.
Earlier this year, in July, Arkham launched the world's first data trading marketplace, "Arkham Intel Exchange".
This platform allows users to request and provide information on blockchain-related matters, potentially earning rewards.
Arkham issues its utility token, "ARKM", which was used on its platform, and had previously conducted a token sale of ARKM through "Binance Launchpad" in July of this year.
The recent announcement highlighted Binance Labs' investment in ARKM.
Temporary Surge in ARKM Price to $0.62
As of November 15, 2023, the price of ARKM was around $0.45. However, following the announcement from Binance Labs, its price temporarily surged to approximately $0.62.
At the time of writing this article, the price stands at $0.51 per ARKM.
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