Arkham Intelligence to Launch Derivatives Exchange Next Month

Arkham Intelligence Inc. a blockchain information firm, is making ready to launch a brand new cryptocurrency derivatives alternate in November 2024. Following the announcement Arkham Intelligence token, ARKM, pumped 16% at the moment.
The corporate is relocating its operations from London and New York to Punta Cana within the Dominican Republic, the place the alternate shall be primarily based.
In accordance with a report from Bloomberg, this new platform will deal with retail buyers however is not going to be obtainable to customers in the US. Arkham can be working to acquire a free-trade zone license within the Dominican Republic, which is able to present tax advantages for companies.
Bloomberg additionally reported that the corporate is seeking to elevate $100 million from buyers within the Center East to assist develop its operations.
Furthermore, the crypto derivatives market is critical, with centralized exchanges dealing with $3.07 trillion in buying and selling quantity in September 2024, making up about 71% of all cryptocurrency buying and selling.
Whereas Binance Change is at present main this market, its share has dropped to a four-year low, right down to 27% in accordance with a current report from CCData. This opens up alternatives for brand new entrants like Arkham.
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