$ARKM
Arkham CEO Miguel Morel has confirmed that the company will move from London and New York to the Dominican Republic. This decision was made against the backdrop of Arkham's upcoming launch of a crypto derivatives exchange and its application for a license in the Dominican Republic. Although Miguel Morel said "no comment" on the plans for the derivatives exchange, the company's relocation plans have been made clear.
In addition, according to 0x News, Arkham's new exchange will be aimed at retail investors and plans to compete with platforms such as Binance, the world's largest cryptocurrency exchange. However, due to regulatory restrictions, US customers will not be able to access the platform. The company, with the support of OpenAI founder Sam Altman, is moving to the Dominican Republic to take advantage of the country's free trade zone and favorable tax policies.
The Dominican Republic is a country located in North America, located east of Hispaniola Island in the Greater Antilles in the Caribbean Sea, with a tropical climate and rich natural resources. The country offers tax exemptions and other fiscal benefits, which may have been one of the factors that attracted Arkham to relocate.
