World

Bitcoin

Worldcoin

Arkham

Arkham Intelligence, a blockchain data firm, plans to launch a cryptocurrency derivatives exchange next month, according to reporting from Bloomberg.&nbsp;&nbsp;
Backed by investors like OpenAI founder Sam Altman, the startup <a href="https://www.bloomberg.com/news/articles/2024-10-11/crypto-firm-arkham-backed-by-openai-s-altman-to-launch-derivatives-exchange?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">is relocating its operations</a> from London and New York to Punta Cana in the Dominican Republic. The company aims to serve retail investors but will not open the platform to U.S. customers.
Arkham, founded in 2020, specializes in analyzing <a href="https://crypto.news/tag/blockchain" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> data to reveal information about the entities and individuals behind cryptocurrency transactions.&nbsp;
The decision to launch a derivatives exchange comes as <a href="https://crypto.news/tag/arkham/" target="_blank" rel="noopener noreferrer nofollow">Arkham</a> looks to capture part of the growing crypto market, particularly in derivatives, which are financial contracts that derive their value from underlying assets like Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>).
In July, Arkham Intelligence <a rel="noopener noreferrer nofollow" href="https://crypto.news/arkham-intelligence-integrates-with-coinbase-wallet/">introduced</a> a feature allowing users to connect their Coinbase Wallets to its platform. This integration enabled users to track their crypto holdings while Arkham continued to de-anonymize blockchain transactions.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/worldcoin-partners-with-dune-ahead-of-world-chain-mainnet/"> Worldcoin partners with Dune ahead of World Chain mainnet </a>
<h2 class="wp-block-heading" id="what-is-arkham-intelligence">What is Arkham Intelligence?</h2>
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.&nbsp;
Arkham’s focus on derivatives trading aims to compete with large exchanges like Binance, Bybit, and OKX.&nbsp;

Arkham Intelligence to launch crypto derivatives exchange: report

Table of Contents

crypto.news

Other articles published on Oct 11, 2024

Hurry! MoonBag Presale Ending Soon—Secure MoonBag Now for 88% APY and Massive Gains Before It's T...

Crypto VC fund-tied entity loses $36m by signing phishing permit transaction: report

BlockDAG Presale Rockets to $92M in Record Time as Avalanche and Cardano Struggle to Keep Pace in...

Fidelity Data Breach Exposes Personal Information of Over 77,000 Customers

Is It Too Late To Buy TRUMP? MAGA Price Pumps 13% And This Might Be The Next Crypto To Explode

These 3 Altcoins Could Deliver Solana-Like Returns in Q4 of 2024: NOT, SUI, DOT

Join our free newsletter for daily crypto updates!