Arkham's Token Soars 16% on Report Sam Altman-Backed Crypto Firm Plans Derivatives Exchange
Briefly

Arkham's trading venue, aiming to attract retail users and compete with Binance, highlights the growing appetite for derivatives trading in crypto, with volumes exceeding $3 trillion.
The shift of Arkham to the Dominican Republic represents a strategic move to establish a presence in a region more conducive to their business model, while the firm remains tight-lipped about the specifics of their launch.
With significant backers and a strong focus on analytics, Arkham plans to carve out a niche in the volatile derivatives market that has seen a resurgence after last year’s downturn.
The confirmation of Arkham's $12 million funding and partnerships with notable investors indicates a robust interest in the crypto derivatives market, despite past challenges faced by exchange platforms.
Read at Coindesk
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