This week, Anna Irrera of Bloomberg revealed that Arkham Intelligence, the company behind the multi-blockchain explorer Arkham Intel, is gearing up to introduce a crypto derivatives exchange in November. Founded in 2020, the firm’s explorer has become popular among blockchain analysts, investigators, and journalists for its extensive coverage of multiple networks.

According to a source close to the situation, who spoke to Irrera, the startup is also relocating its headquarters from London and New York to Punta Cana. Alongside Arkham Intel, the company also boasts a token called ARKM, with a market cap currently valued at $493 million.

While ARKM is down 2.3% today, it has climbed 21.2% over the past week. The token saw a price jump earlier this week after rumors surfaced about the potential launch of the crypto derivatives trading platform. Over the past few years, onchain data and analytics have flourished, with companies like Cryptoquant, Dune Analytics, Defillama, Glassnode, Nansen, Artemis Terminal, Intotheblock, and others offering valuable insights and data within the crypto space.

Arkham Intel provides onchain insights across networks such as Bitcoin, Arbitrum, BNB Chain, Ethereum, Optimism, Tron, and Polygon. The platform keeps tabs on entities like spot bitcoin exchange-traded funds (ETFs), exchanges, high-net-worth individuals like Vitalik Buterin and Justin Sun, and various other crypto organizations managing onchain funds.