- Arkham Intelligence plans to launch a crypto derivatives exchange next month, relocating from London and New York.
- Set to compete directly with Binance, Arkham aims to capture a significant market share by targeting retail investors.
Arkham Intelligence, a firm known for analyzing the cryptocurrency market, is preparing to launch its own derivatives exchange. This move includes relocating its operations from London and New York to Punta Cana, Dominican Republic, where the company will establish its new headquarters.
Scheduled to launch next month, Arkham’s new platform is set to compete directly with Binance, the current leader in the market. The platform aims to attract retail investors and gain a share of a market that has been impacted by recent regulatory changes.
Over the past year, Arkham has focused on developing its exchange technology and has introduced a data platform with around 880,000 active monthly users. This user base is expected to help the company acquire new customers more easily. Arkham is also in talks with investors in the Middle East, aiming to raise up to $100 million to expand its business.
The exchange will not be available to U.S. investors due to the regulatory environment in the United States. Instead, Arkham will operate under a free trade zone license in the Dominican Republic. The free zones offer tax incentives and other benefits, which could help support Arkham’s growth.
While Binance continues to dominate the cryptocurrency derivatives market, its share has dropped to its lowest level in four years. This presents opportunities for new competitors like Arkham to enter the market. The derivatives market, known for its volatility, appeals to traders looking for short-term gains.
With its strong technological foundation and strategic relocation, Arkham Intelligence plans to make a mark in the crypto derivatives market, potentially reshaping the competitive environment.
