- The AI-based data analytics platform Arkham Intelligence moves to Punta Cana.
- Dominated by Bybit, Binance & OKX, Derivatives markets see a new contender.
- Arkham’s native crypto ARKM extends the monthly bull streak as unlock looms.
Arkham Intelligence, a blockchain security platform, intends to expand beyond its flagship on-chain data analytics platform. According to sources familiar with the matter, Arkham is poised to move its headquarters from London and New York to Punta Cana, Dominican Republic.
Established in 2020, Arkham revealed some big names in trading, including presidential candidate Donald Trump. The major investors in this on-chain detective setup are Bedrock, Draper Associates, Binance Labs, and OpenAI’s founder, Samuel Altman.
Arkham Intelligence Expands Beyond Data
Now relocating to its new headquarters in the Dominican Republic, Arkham Intelligence has been granted a Dominican free-trade zone license, which is pivotal for its upcoming plans. According to Bloomberg, Arkham is looking to launch a crypto Derivatives exchange next month.
Considered one of ZachXBT’s top “justice weapons,” Arkham offered generous bounties for significant information on large crypto investors, unbranded wallets, and owners of various DeFi projects. In the cryptic world of blockchain, developer and executive teams often remain anonymous, creating a void of accountability.
Deemed the ultimate assistant in solving any on-chain mystery, Arkham is now used by over 880,000 crypto market participants, including market makers, exchange staff, journalists, and lawmakers.
Arkham Exchange News Boost ARKM Near $2
Arkham is striving to be a top player in the Derivatives market, potentially catching a piece of the rising leveraged market pie after a slew of legal action on Binance stunned the cryptosphere. Despite leading the niche, Binance’s Derivatives market share dropped to a four-year low.
The on-chain data analysis company is said to have been building the infrastructure for Arkham Derivatives exchange for over a year, looking for a $100M sponsorship in the Middle East. In July 2024, Arkham scored its first sports sponsorship deal with Galatasaray Istanbul, which plays in the Europa League.
Arkham’s native coin ARKM clinched a new three-month high, peaking at $1.86 earlier today. Capped at 1,000,000,000 ARKM, the AI data analysis platform’s crypto is down 55.5% from the all-time high of $3.98, while the $2 resistance level hasn’t been touched since June 14, 2024.
As of press time, the #156-ranked ARKM trades at $1.77%, inking 2.2% gains on Monday. Instigating a 68% monthly rally, ARKM crypto encircles a $128,299,803 daily trades, while Derivatives markets are similarly situated at $135M in 24-hour trading volume, according to CoinGlass.
On the Flipside
- $6.99M worth of Arkham Intelligence’s native ARKM crypto tokens will be unlocked in the next seven days, reported Blockchain Journalist Colin Wu.
- This would pour 1.3% of the supply into circulation, which currently encircles 279,314,972 ARKM tokens, 28% of the maximum supply of 1 billion.
Why This Matters
Arkham’s lucrative move responds to recent crypto market trends that have showcased an appetite for high-risk and high-reward crypto plays, using leverage to place a long or short position rather than simply buying the underlying asset.
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