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Arkham

Arkham Intelligence Inc. a blockchain data company, is preparing to launch a new cryptocurrency derivatives exchange in November 2024. Following the announcement Arkham Intelligence token, ARKM, pumped 16% today. 
The company is relocating its operations from London and New York to Punta Cana in the Dominican Republic, where the exchange will be based. 
According to a report from <a href="https://www.bnnbloomberg.ca/business/company-news/2024/10/11/crypto-startup-backed-by-openai-founder-to-launch-derivatives-exchange/" target="_blank" rel="noreferrer noopener nofollow">Bloomberg</a>, this new platform will focus on retail investors but will not be available to users in the United States. Arkham is also working to obtain a free-trade zone license in the Dominican Republic, which will provide tax benefits for businesses. 
Bloomberg also reported that the company is looking to raise $100 million from investors in the Middle East to help grow its operations. 
Moreover, the crypto derivatives market is significant, with centralized exchanges handling $3.07 trillion in trading volume in September 2024, making up about 71% of all cryptocurrency trading. 
While Binance Exchange is currently leading this market, its share has dropped to a four-year low, down to 27% according to a recent report from <a href="https://ccdata.io/reports/exchange-review-september-2024" target="_blank" data-type="link" data-id="https://ccdata.io/reports/exchange-review-september-2024" rel="noreferrer noopener nofollow">CCData</a>. This opens up opportunities for new entrants like Arkham. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/11/microstrategys-nav-premium-hits-highest-level-since-2021/" target="_blank" rel="noreferrer noopener">MicroStrategy’s NAV Premium Hits Highest Level Since 2021</a> 
</blockquote>

Arkham Intelligence to Launch Derivatives Exchange Next Month

The Crypto Times

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