Could Arkham’s derivatives exchange really challenge Binance?
Author: Content Editor
Arkham Intelligence is planning to launch a cryptocurrency derivatives exchange in the Dominican Republic. The platform aims to secure a free-trade zone license, which would provide tax exemptions and fiscal incentives. Backed by notable investors like OpenAI founder Sam Altman, Arkham hopes to compete with major players like Binance. However, the exchange will not be accessible to U.S. users due to regulatory constraints. Despite this limitation, Arkham has been in development for a year and is actively raising funds. The exchange aims to challenge Binance with unique features and leverage its resources as a data-tracking giant. While Binance currently dominates the market, it has faced regulatory challenges and restrictions in various regions, allowing competitors like Arkham to gain ground.