Yo, bros! So check this out: Arkham Intelligence Inc., this dope blockchain data company that’s got some serious backing from big-time investors like Sam Altman—the dude who co-founded DeepAI—is gearing up to drop a crypto derivatives exchange next month. Ain’t that sick?
The squad’s moving shop from London and New York all the way to Punta Cana in the Dominican Republic. They’re setting up their new headquarters there, and this inside source was cool enough to give us the heads-up before it’s officially announced. And get this: their token, ARKM, is already making waves, skyrocketing 19% to $1.52 after the news broke. Total hype!
Founded back in 2020, Arkham’s been running this killer platform that digs deep into blockchain data, giving us the lowdown on who’s who in the crypto world. These guys are stacking up some serious cash with investors like Bedrock, Draper Associates, and Binance Labs jumping on board. Major players, for real.
Their exchange is gonna be aimed at retail investors and is totally gonna go head-to-head with the likes of Binance, the biggest crypto exchange out there. But here’s the kicker: it’s not gonna be open for US investors, so we can’t hop on this ride just yet. They’re working on snagging a free-trade zone license in the Dominican Republic, which means tax perks galore! You know they’re looking to save some coin.
So here’s the thing: by launching this derivatives platform, Arkham is totally aiming to grab a fat slice of the crypto pie. The scene’s been wild lately, especially with all the regulatory shake-ups against Binance and the drama with FTX crashing and burning. Binance used to own the market, but they’re slipping—down to their lowest market share in like four years. Other big players like Bybit and OKX are in the game too.
Derivatives trading has been popping off, racking up $3.07 trillion in September alone, making up about 71% of total crypto volume. Major cha-ching!
Arkham’s been busy building out the tech for their exchange for the last year, and they’re chatting it up with investors in the Middle East to raise up to $100 million to fuel this venture. Plus, they’re flexing with nearly 880,000 monthly active users on their data platform, which they hope will help them snag customers for the new exchange.
And to top it off, they just teamed up with Turkish football squad Galatasaray for a two-season sponsorship. They’re dropping €1.8 million (that’s about $2 million) each season to slap their logo on the players’ shirt sleeves. Talk about getting that brand exposure, bro!
So keep your eyes peeled for this launch next month—Arkham is coming in hot! 🔥
Source: https://finance.yahoo.com/news/crypto-startup-backed-openai-founder-132558190.html
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