Arkham Intelligence is preparing to launch a new crypto derivatives exchange as early as next month, according to a report from Bloomberg News on October 11th. This initiative has created buzz within the community, resulting in a significant 12% increase in the value of its native token ARKM, which has already seen positive momentum due to the overall market recovery.
As of the latest updates, ARKM was valued at $1.51, reflecting a notable 16% rise within just 24 hours.
New Derivatives Exchange on the Horizon
Bloomberg’s report indicates that Arkham is planning to shift its operational base from London and New York to Punta Cana in the Dominican Republic. This strategic move involves applying for a free-trade zone license, which promises various tax and financial advantages for the firm.
Focus on Retail Investors
Insiders have disclosed that the upcoming derivatives exchange will primarily cater to retail investors while intentionally excluding access for U.S. customers. Over the past year, Arkham has been diligently constructing the necessary infrastructure to position itself as a competitor to well-established exchanges like Binance, Bybit, and OKX.
Funding and Support
In its quest for growth, Arkham is actively seeking up to $100 million in funding from Middle Eastern investors. The platform enjoys backing from prominent venture capital entities, including Coinbase Ventures, Digital Currency Group, and Bedrock Capital. Notable billionaires such as Peter Thiel and Tim Draper, along with OpenAI’s CEO Sam Altman, participated in a prior funding round of $12 million.
Capitalizing on Market Trends
Arkham’s entry into the derivatives space aims to leverage the substantial volume generated in this segment of the cryptocurrency market. Recently, crypto futures and options trading has surged in popularity, significantly amplifying overall market transactions.
Volume Insights
Recent data from Coinglass indicates that the crypto perpetuals market processed nearly $3.5 trillion through centralized platforms in September alone. This figure starkly contrasts the $1.1 trillion in total volume registered across both centralized and decentralized platforms, highlighting the vast difference—almost 25 times—compared to trading volumes reported by decentralized exchanges (DEXs).
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