As a seasoned crypto investor with over a decade of experience in this wild and volatile market, I find the news about Arkham Intelligence intriguing. Having navigated through various regulatory changes, scams, and market cycles, I’ve learned to keep an open mind but a cautious eye on new players entering the scene.
According to Bloomberg’s reports, Arkham Intelligence, a company specializing in blockchain data, intends to debut a platform for trading cryptocurrency derivatives next month.
With backing from investor Sam Altman, co-founder of OpenAI, this tech startup is moving its base of operations from both London and New York to Punta Cana in the Dominican Republic. The goal of the company is to cater to retail investors worldwide, excluding the United States market.
Established in 2020, Arkham focuses on deciphering blockchain records to uncover details concerning the parties involved in cryptocurrency transactions.
Arkham is choosing to establish a derivatives trading platform, aiming to seize a portion of the expanding cryptocurrency market, specifically focusing on derivatives – financial agreements whose worth stems from underlying assets such as Bitcoin (BTC).
Starting in July, Arkham Intelligence rolled out an update that enables users to link their Coinbase wallets with their platform. As a result, users can now monitor their cryptocurrency assets, while Arkham continues its efforts to unveil the identities behind blockchain transactions.
What is Arkham Intelligence?
Arkham is a blockchain analysis tool that leverages artificial intelligence to unveil identities associated with blockchain and on-chain data. Previously, it was composed of two main features: the Analytics Platform, offering insights across various exchanges, investment funds, and digital assets; and the Intel Exchange, enabling users to execute smart transactions.
As a crypto investor, I’m excited about the new derivatives platform that’s licensed to operate within a free-trade zone in the Dominican Republic. This strategic location not only provides us with unique trading opportunities but also comes with appealing tax advantages and other financial perks, as reported by Bloomberg.
Arkham aspires to rival major trading platforms such as Binance, Bybit, and OKX by concentrating its efforts on derivative trading.
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2024-10-11 18:30