Arkham Intelligence to Launch Cryptocurrency Derivatives Exchange, ARKM Token Surges
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Blockchain analytics firm Arkham Intelligence is set to launch a cryptocurrency derivatives exchange as early as next month.
The new platform is aimed at retail traders and will compete directly with established giants like Binance, sources familiar with the matter revealed, according to a report by Bloomberg.
The exchange will operate under a license in the Dominican Republic, where Arkham is reportedly in the final stages of securing regulatory approval.
The move aligns with the growing demand for cryptocurrency derivatives, a market that has seen rapid expansion in recent months, driven mainly by retail investors.
In September alone, crypto derivatives trading volumes soared to over $3 trillion, doubling from $1.5 trillion recorded the previous year, according to data from CCData.
The increased interest is due to the expanding variety of crypto derivatives products now available on major exchanges like the Chicago Mercantile Exchange (CME).
On September 29, CME launched its Bitcoin Friday Futures (BFF) contracts, which the exchange hailed as its most successful crypto futures debut to date.
The BFF contracts, priced at one-50th of a Bitcoin, saw more than 31,000 contracts traded on their first day.
Arkham Intelligence’s token $ARKM surged 16% after announcing plans to launch a crypto derivatives exchange next month
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