NewsletterARKM Listed on Binance with GSR Markets and Wintermute as Market Makers
ARKM, Arkham Intelligence token is set to be listed on the popular cryptocurrency exchange Binance today at 12 PM UTC. The listing is accompanied by the participation of two well-known market makers, GSR Markets and Wintermute.
Arkham Listing On Binance
In preparation for the listing, 50 million ARKM tokens were directly deposited to the Binance platform, providing a significant liquidity boost for the token. GSR Markets, one of the market makers involved, received 20 million ARKM tokens, with 4.5 million tokens sent to Binance and 2 million tokens sent to Bybit, another cryptocurrency exchange.
Wintermute, the other market maker, received 15 million ARKM tokens. Of this allocation, 6 million tokens were transferred to Binance, while 2 million tokens were sent to Bybit.
In a recent update, Arkham transferred 30 million ARKM tokens from the Treasury to the Airdrop contract at the address 0x08c7. This transfer occurred approximately 40 minutes ago, suggesting a potential upcoming airdrop event.
Also Read: HBAR News: Hedera Integrates MetaMask
ARKM Token On Launchpad
The details of the ARKM launchpad come a few hours after the exchange said they had integrated the Bitcoin Lightening Network. Read CoinGape’s coverage on the same…
The listing on Binance, along with the involvement of established market makers, is expected to increase the visibility and trading opportunities for Arkham. Binance users will be able to trade ARKM against various other cryptocurrencies available on the platform. Bybit users will also have access to ARKM through the tokens sent by GSR Markets and Wintermute.
The transfer of 30 million ARKM tokens to the Airdrop contract indicates a possible distribution of tokens to holders or participants in the ARKM ecosystem, which may further engage the community and incentivize participation.
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