Arkham Intelligence Inc., a blockchain data company with investors like OpenAI founder Sam Altman, allegedly plans to launch a crypto derivatives exchange next month in Punta Cana, Dominican Republic.
More details:
The startup’s token, ARKM, saw a 19% increase to $1.52 after the announcement. Arkham’s current platform analyzes blockchain data to provide insights on crypto market activity and has investors such as Bedrock, Draper Associates, Binance Labs, and Altman. The new exchange aims to compete with major platforms like Binance and target retail investors. The Dominican Republic’s free-trade zone license will be used for the new venue, which offers tax exemptions and fiscal benefits. Arkham has been internally developing the technology for the exchange and is in talks to raise up to $100 million from investors in the Middle East.
Source: https://finance.yahoo.com/news/crypto-startup-backed-openai-founder-132558190.html
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