According to Cointelegraph: Arkham Intelligence, a well-known blockchain analytics firm, is reportedly set to launch a cryptocurrency derivatives exchange targeting retail traders as early as next month, according to a Bloomberg report.
Arkham is currently working on securing a license in the Dominican Republic, where it intends to operate the exchange. The global crypto derivatives market, fueled by rising retail investor activity, has been surging, with trading volume surpassing $3 trillion in September 2024, doubling from the previous year.
Following this news, Arkham’s token (ARKM) surged by 16%, according to CoinGecko. Arkham, best known for its blockchain transaction-tracking tools, raised $12 million from investors, including Sam Altman, the founder of OpenAI.
