⚡Arkham Intelligence plans to start a derivatives venue.

Arkham Intelligence Inc., a blockchain data company backed by investors including OpenAI founder Sam Altman, is planning to launch a crypto derivatives exchange next month, according to a person familiar with the initiative.

The startup is relocating its operations from London and New York to Punta Cana in the Dominican Republic, where the company and its new venue will be based, said the person, who asked not to be named because the plans were not yet public. The Arkham token, a cryptocurrency known as ARKM with a market capitalization of about $344 million, was up 19% to $1.52 following the news.