🌎 Arkham Intelligence to Launch Crypto Derivatives Exchange in Punta Cana

Arkham Intelligence, a blockchain data firm, is set to launch a cryptocurrency derivatives exchange next month. Backed by investor Sam Altman, the founder of OpenAI, the startup is relocating its operations from London and New York to Punta Cana in the Dominican Republic. The platform will serve retail investors but will not be accessible to U.S. customers.

Founded in 2020, Arkham specializes in analyzing blockchain data to reveal information about the entities and individuals behind cryptocurrency transactions. The decision to launch a derivatives exchange comes as Arkham aims to capture a share of the growing crypto market, particularly in derivatives. These financial contracts derive their value from underlying assets like Bitcoin.

In July, Arkham Intelligence introduced a feature allowing users to connect their Coinbase Wallets to its platform. This integration enabled users to track their crypto holdings while Arkham continued to de-anonymize blockchain transactions.

What is Arkham Intelligence?

Arkham is a blockchain analysis platform that uses artificial intelligence to deanonymize blockchain and on-chain data. The platform previously consisted of two primary components:

Analytics Platform: Provides analytics on numerous exchanges, funds, and tokens.
Intel Exchange: Allows users to conduct intelligent transactions.

The new derivatives platform will operate under a Dominican Republic free-trade zone license, offering tax and other financial benefits. Arkham’s focus on derivatives trading aims to compete with large exchanges like Binance, Bybit, and OKX.