Arkham Intelligence Set to Launch Crypto Derivatives Exchange

 

Arkham Intelligence is gearing up to introduce its very own crypto derivatives exchange. This new platform aims to provide traders with advanced tools and opportunities in the rapidly evolving cryptocurrency market. With a focus on innovation and robust trading solutions, Arkham Intelligence seeks to carve out a significant presence in the crypto derivatives space. This move marks an important step in the company's mission to revolutionize how digital assets are traded, catering to both retail and institutional investors.

Arkham Intelligence, a blockchain data analytics firm, is set to launch a cryptocurrency derivatives exchange next month, according to Bloomberg. Backed by high-profile investors such as OpenAI founder Sam Altman, the company is relocating its operations from London and New York to Punta Cana, Dominican Republic.

The new platform will cater to retail investors but will exclude U.S. customers. Founded in 2020, Arkham specializes in analyzing blockchain data, providing insights into the entities and individuals behind cryptocurrency transactions.

The decision to enter the derivatives market reflects Arkham’s ambition to capture a share of the fast-growing crypto space. Derivatives are financial contracts that derive their value from underlying assets like Bitcoin. Earlier in July, Arkham rolled out a new feature allowing users to connect their Coinbase Wallets to the platform, enabling them to track crypto holdings while Arkham continues its blockchain de-anonymization efforts.

What is Arkham Intelligence?

Arkham is a blockchain analysis platform that uses artificial intelligence to deanonymize blockchain and on-chain data. It previously consisted of two primary components: the Analytics Platform, which provides analytics on numerous exchanges, funds, and tokens, and the Intel Exchange, which allows users to conduct intelligent transactions.

The new derivatives platform will operate under a Dominican Republic free-trade zone license, which offers tax and other financial benefits, according to Bloomberg. 

Arkham’s focus on derivatives trading aims to compete with large exchanges like Binance, Bybit, and OKX.