Arkham Intelligence to Establish Crypto Derivatives Exchange
Blockchain data firm Arkham Intelligence is among the newest headliners when the company announced its plan to launch a cryptocurrency derivatives exchange next month. In the report from Bloomberg, blockchain data firm, which is expert in blockchain analytics, holds prominent investors such as the founder of OpenAI, Sam Altman.
Arkham’s Relocation to Punta Cana
This new project also means that the locations of Arkham Intelligence will move from London and New York to Punta Cana in the Dominican Republic. With this relocation, it plans on reaping free-trade zone benefits given by the country, including tax incentives. The new exchange will attend to retail investors, although this will not be in a position to be opened with U.S. customers because of regulatory constraints.
What is Arkham Intelligence?
Arkham Intelligence was established in 2020 with the dream of making the entities and people behind digital money transactions visible. The platform uses AI for blockchain data analytics and deanonymization. It offers two flagship products-the Analytics Platform, which tracks several exchanges, tokens, and funds, and the Intel Exchange, where users make secure, intelligent deals.
A Focus on Crypto Derivatives
The launching of this derivatives exchange represents one more them strategy to carve a niche within the rapidly growing cryptocurrency market. Derivatives refer to financial contracts whose value is derived from the price movement of some particular commodity or underlying asset, in this case, Bitcoin. While competitors like Binance, Bybit, and OKX have been there for a while, Arkham is confident that its platform has something fresh to offer through its data-driven approach to crypto derivatives trading.
Recent Integrations and Innovations
In July, Arkham integrated Coinbase Wallet, allowing users to track their crypto holdings and monitor transactions. These latest innovations by the firm further blur the thin line that has always demarcated the worlds of data transparency and privacy in the world of blockchain.
Conclusion
As things stand, Arkham Intelligence launches a derivatives exchange that could very well place it in the pole position in the crypto derivatives market, leveraging its sophisticated blockchain intelligence tools and tax-efficient operations in Punta Cana. This is indeed a platform which-as scaling up-is likely to change the competitive game for non-U.S. retail investors in pursuit of safe data-intensive trading options.
