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Arkham to launch derivatives exchange to compete with Binance
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Arkham Intelligence, a platform specializing in tracking blockchain data, is about to launch its own crypto derivatives exchange next month.
The new project aims to compete directly with large platforms in the sector, such as Binance, the largest cryptocurrency exchange in the world. According to information released by Bloomberg, Arkham intends to attract around 880 thousand monthly users with its new platform. The solution will focus mainly on the public that trades in the spot market.
Binance has dominated the global cryptocurrency market for years, especially in the derivatives segment. However, Arkham is positioning itself to compete in this growing market, which handled US$3.07 trillion in trading volume in September of this year alone.
Even facing regulatory challenges in the United States, which will prevent American customers from accessing Arkham’s new platform, the company believes it can capture a significant share of the global market.
Arkham launches exchange
To maximize its competitive advantages, Arkham is relocating its headquarters to the Dominican Republic. The move aims to take advantage of the country’s free trade zones and favorable tax policies.
With this strategy, Arkham seeks to optimize its operations, reduce costs and attract more investors, especially in regions where regulation is more flexible.
In addition to Binance, other major exchanges such as Bybit and OKX are also important players in the derivatives market. However, Arkham is confident that its new product will bring enough innovation to stand out.
The company has spent the last year developing its platform technology, and is focused on offering an optimized experience for its users, with advanced tools and competitive rates. This focus on innovation can attract traders looking for alternatives to traditional platforms.
In addition to the launch of the exchange, Arkham is also investing heavily in marketing. The company recently signed a €1.8 million sponsorship deal with Turkish football club Galatasaray, raising its global visibility.
At the same time, the company is in the process of raising US$100 million from investors in the Middle East, with the aim of scaling its operations and consolidating its position in the market.
Arkham to launch derivatives exchange to compete with Binance
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Arkham to launch derivatives exchange to compete with Binance
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Arkham to launch derivatives exchange to compete with Binance