Arkham Intelligence, a blockchain data firm, is planning to launch a cryptocurrency derivatives exchange in the coming month.
With support from investors like OpenAI founder Sam Altman, the startup is relocating from London and New York to Punta Cana, Dominican Republic.
While the exchange aims to cater to retail investors, it will not be available to customers located in the United States.
Established in 2020, Arkham specializes in analyzing blockchain data to identify the entities and individuals involved in cryptocurrency transactions.
By expanding into the derivatives market, the company hopes to capitalize on the growing popularity of cryptocurrency, particularly in the derivatives sector where financial contracts derive their value from underlying assets such as Bitcoin.
