Arkham Intelligence – A New Derivatives Exchange with Big Ambitions

Hello readers, this article will cover information about Arkham Intelligence (a blockchain analytics company backed by Sam Altman – founder of ChatGPT OpenAI) launching a new crypto derivatives exchange.

According to information shared by a close source, Arkham Intelligence will open its derivatives exchange next month. The company has moved its headquarters from London and New York to Punta Cana, Dominican Republic, where they will operate the new exchange.

Arkham Intelligence – Blockchain Analytics Startup with Big Ambitions

Arkham Intelligence is best known for its blockchain transaction monitoring tool and identifying entities linked to different wallet addresses. The company has caught the attention of investors due to its in-depth blockchain data analysis capabilities and its provision of transparent information about crypto transactions.

Arkham Intelligence has raised $12 million from investors including Sam Altman, founder of ChatGPT OpenAI. This demonstrates the potential and appeal of Arkham Intelligence to reputable investors. Having the backing of Sam Altman also testifies to the company’s prowess in the field of blockchain analytics.

Why is Arkham Intelligence venturing into the derivatives market?

The reality is that the crypto derivatives market is booming, attracting a large number of retail investors. According to CCData’s report, derivatives trading volume exceeded $3 trillion in September this year, up from around $1.5 trillion a year ago. It’s clear that the allure of the crypto derivatives market is substantial, wouldn’t you agree?

The launch of a derivatives exchange will open up a new direction for Arkham Intelligence, allowing them to reach more investors and strengthen their position in the crypto market.

Fierce Competition in the Crypto Derivatives Market

Arkham Intelligence’s new exchange will compete directly with existing trading platforms like Binance, targeting retail traders. This poses many challenges for Arkham Intelligence, as the crypto derivatives market is already crowded with fierce competition from giants like Binance. However, Arkham Intelligence has the potential to make a breakthrough in the crypto derivatives market.

Arkham Intelligence’s new exchange will offer derivatives products like futures, options, and perpetual contracts. The exchange will also focus on providing a smooth and secure trading experience for users. Arkham Intelligence also plans to integrate its blockchain analytics technology into the exchange to provide deeper market insights to investors.

Positive Market Response

Following the news of Arkham Intelligence launching a derivatives exchange, the price of the ARKM token surged more than 16%. This indicates the significant market expectations for the project. Everyone is curious to see what Arkham Intelligence will do to conquer the crypto derivatives market.

Comparison Table of Crypto Derivatives Exchanges

Exchange	Product Type	Trading Volume (USD)	Advantages	Disadvantages
Binance	Futures, Options, Perpetual	> $3 trillion	Large platform, user-friendly interface, high liquidity	Transaction fees can be high, unclear legal regulations
Bybit	Futures, Options, Perpetual	> $1 trillion	User-friendly interface, low transaction fees	Not widespread in Vietnam, limited features
OKX	Futures, Options, Perpetual	> $1 trillion	User-friendly interface, low transaction fees, support for many cryptocurrencies	Unclear legal regulations
FTX (bankrupt)	Futures, Options, Perpetual	> $1 trillion	Advanced platform, diverse features	Unclear legal regulations, opaque operations

Observations

The emergence of Arkham Intelligence is a sign that the crypto derivatives market is growing rapidly and attracting attention from many tech companies. Arkham Intelligence joining this market will bring more competition and product diversification for investors. However, Arkham Intelligence needs to prove its capabilities and credibility to compete with current giants.

Conclusion

Arkham Intelligence is preparing to enter the crypto derivatives market with big ambitions. With the backing of Sam Altman and a strong blockchain analytics platform, Arkham Intelligence has the potential to create a new buzz in the crypto derivatives market. Will Arkham Intelligence be able to compete with current giants? Let’s wait and see!