Arkham Intelligence is looking to launch its own crypto derivatives exchange next month, Bloomberg News reported on Oct. 11, citing sources familiar with the matter.
The news caused a 12% surge in the platform’s native token ARKM, which was already in an uptrend amid the wider market recovery.
As of press time, ARKM was trading at $1.51, up 16% over the past 24 hours.
Derivatives exchange
According to the Bloomberg report, Arkham intends to relocate its headquarters from London and New York to Punta Cana, Dominican Republic, where its new platform will be based. The firm is in the process of securing a free-trade zone license in the country, which provides tax and fiscal benefits.
Sources told the news outlet that the new derivatives exchange will focus on retail investors but will not be accessible to US customers. They also revealed that Arkham has been developing infrastructure over the past year for the exchange, which aims to rival established players like Binance, Bybit, and OK
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