Arkham Intelligence to Launch Derivatives Exchange in November

Arkham Intelligence to Launch Derivatives Exchange in November
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The new company, along with the firm’s intentions to relocate, are set to start in November.
Retail traders will be the primary target of the new derivatives exchange.
Launching a crypto derivatives exchange to compete with Binance and other competitors is a possible next step for OpenAI-backed crypto company Arkham Intelligence. The new company, along with the firm’s intentions to relocate, are set to start in November. This is according to an unnamed source familiar with the situation.
A large reorganization is in the works at the blockchain data firm that OpenAI co-founder Sam Altman and other investors support. Bloomberg said that it plans to relocate some of its operations to Punta Cana, Dominican Republic, from New York and London.
Stiff Competition from Industry Giants
Moreover, the firm has said that it would manage all of its operations, including its new venture out of Punta Cana. Retail traders will be the primary target of the new derivatives exchange.
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