Arkham (ARKM) Jumps 66% Following Upbit Listing

ARKM, the native token of Arkham, a blockchain intelligence platform, has experienced a considerable surge. According to TradingView data, the token rose over 66% from its intraday low of $0.443 on Monday to reach $0.736 on Tuesday before correcting slightly.

Notably, the surge followed its listing on the South Korean-based crypto exchange Upbit, which drove market activity. Meanwhile, the intelligence platform launched its exchange in China, one of the world’s largest markets, marking a significant step for the ARKM token.

Upbit Adds ARKM to KRW Market

On March 11, Upbit announced trading support for ARKM, stating that it has enabled trading in the KRW market. As part of its standard measures for newly listed assets, the exchange has introduced temporary trading restrictions.

Following the listing, buy orders will be restricted for approximately five minutes after trading support is activated. Additionally, sell orders set below 10% of the previous day’s closing price will also be restricted for the same five-minute period.

Furthermore, all order types, except limit orders, will be restricted for roughly one hour after trading begins. These measures are designed to maintain a controlled trading environment and prevent potential price manipulation.

ARKM Deposit and Withdrawal Policies

Notably, ARKM withdrawals are free for the first 24 hours after deposits and withdrawals begin, after which fees apply. Meanwhile, transactions are only supported on the ARKM-Ethereum network.

Upbit further advised users to verify the network before making deposits.

“Please make sure to check the network before depositing digital assets. Deposits and withdrawals through networks other than the guided networks are not supported,” the exchange stated.

Upbit has also strengthened its compliance with the Travel Rule, which imposes stricter regulations on deposits and withdrawals. The platform clarified that deposits made through exchanges not included in the list of virtual asset operators eligible for deposit and withdrawal may experience delays, with refunds potentially taking longer to process.

Furthermore, deposits and withdrawals are only permitted through personal wallet addresses that have completed ownership verification. Even if a deposit is made from a linked personal wallet, a refund may be necessary, depending on the asset’s network.

To further ensure regulatory compliance, Upbit stated that users depositing large amounts of ARKM with unclear origins may be asked to provide proof of the source of funds. These updates reflect Upbit’s ongoing efforts to align with global regulatory standards and maintain a secure trading environment for its users.

What is Arkham?

Arkham is a blockchain intelligence platform with two main services: Arkham Intelligence and Arkham Intel Exchange. Arkham Intelligence gives users real-time access to blockchain data, using AI to provide deeper insights.

Meanwhile, Arkham Intel Exchange is a marketplace where users can trade blockchain-related information using ARKM, creating opportunities to earn through intelligence sharing. The ARKM token powers the platform, serving both utility and governance roles.

To expand its analytics capabilities, Arkham has been forming strategic partnerships. For example, it partnered with Sui Network in December to integrate Sui blockchain data into its analytics platform. The collaboration gives Sui users access to Arkham’s tools, including dashboards, entity and address pages, real-time alerts, and visual tracing features.

The partnership also includes Walrus Protocol, a decentralized data storage solution developed by Mysten Labs, the team behind Sui. Arkham plans to explore potential use cases for Walrus within its Intel Platform, aiming to enhance on-chain transparency and expand blockchain analytics for Sui’s growing ecosystem.

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