On the news that a Sam Altman-backed cryptocurrency company plans to exchange derivatives, Arkham's token rises 16%.
The organization additionally moved to the Dominican Republic, Arkham President Miguel Morel affirmed to CoinDesk.
A report that the blockchain data company Arkham Intelligence intends to launch a crypto derivatives exchange next month drove the token (ARKM) of Arkham Intelligence up 16% on Friday.
According to Bloomberg, citing a person familiar with the situation, Arkham's trading venue aims to target retail customers and compete with other derivatives venues such as exchange giant Binance. The organization has likewise migrated from London and New York to the Dominican Republic, where the forthcoming commercial center will work and is currently getting a permit
Arkham President Miguel Morel affirmed in a Wire message the company's movement to the Caribbean island country, however said "no remark" on the subordinates trade plans.
The crypto subordinates market has booked $3 trillion exchanging volumes last month, beyond twofold of the size of the spot market, as per a CCData report. However, the implosion of FTX dealt a significant blow to the industry, and market leader Binance lost its four-year lead in September.
Arkham's foundation is a well known device for following blockchain exchanges and distinguishing substances behind crypto wallets. According to Crunchbase's database, the company raised $12 million from investors like OpenAI CEO and founder Sam Altman, well-known VC investors Peter Thiel and Tim Draper, and major crypto companies like Coinbase, Wintermute, and Digital Currency Group (DCG).
More details: Morel Miguel: Bringing to Light the Leaky Pseudonymity of Cryptocurrency The company launched a marketplace for on-chain intelligence last year, offering bounties to identify crypto addresses. According to CoinGecko data, it also released its own token, which is used for bounty payments and now has a market capitalization of $420 million.
Arkham recently signed a sponsorship agreement with the Turkish football team Galatasaray, following in the footsteps of other cryptocurrency companies that have entered the sports sponsorship market in an effort to bring their brand to a wider audience.
The organization additionally moved to the Dominican Republic, Arkham President Miguel Morel affirmed to CoinDesk.
A report that the blockchain data company Arkham Intelligence intends to launch a crypto derivatives exchange next month drove the token (ARKM) of Arkham Intelligence up 16% on Friday.
According to Bloomberg, citing a person familiar with the situation, Arkham's trading venue aims to target retail customers and compete with other derivatives venues such as exchange giant Binance. The organization has likewise migrated from London and New York to the Dominican Republic, where the forthcoming commercial center will work and is currently getting a permit
Arkham President Miguel Morel affirmed in a Wire message the company's movement to the Caribbean island country, however said "no remark" on the subordinates trade plans.
The crypto subordinates market has booked $3 trillion exchanging volumes last month, beyond twofold of the size of the spot market, as per a CCData report. However, the implosion of FTX dealt a significant blow to the industry, and market leader Binance lost its four-year lead in September.
Arkham's foundation is a well known device for following blockchain exchanges and distinguishing substances behind crypto wallets. According to Crunchbase's database, the company raised $12 million from investors like OpenAI CEO and founder Sam Altman, well-known VC investors Peter Thiel and Tim Draper, and major crypto companies like Coinbase, Wintermute, and Digital Currency Group (DCG).
More details: Morel Miguel: Bringing to Light the Leaky Pseudonymity of Cryptocurrency The company launched a marketplace for on-chain intelligence last year, offering bounties to identify crypto addresses. According to CoinGecko data, it also released its own token, which is used for bounty payments and now has a market capitalization of $420 million.
Arkham recently signed a sponsorship agreement with the Turkish football team Galatasaray, following in the footsteps of other cryptocurrency companies that have entered the sports sponsorship market in an effort to bring their brand to a wider audience.