Arkham Intelligence’s token, ARKM, is up more than 16% on the news, according to CoinGecko.
Blockchain analytics firm Arkham Intelligence reportedly plans to launch a cryptocurrency derivatives exchange as soon as next month, according to a Bloomberg report.
The exchange will target retail traders and compete with existing platforms such as Binance, Bloomberg said, citing a person familiar with the matter.
Arkham is already reportedly in the process of obtaining a license in the Dominican Republic, where it plans to operate the exchange.
