Arkham Intelligence 正准备推出自己的加密货币衍生品交易所

Arkham Intelligence 正准备推出自己的加密货币衍生品交易所，将于 2024 年 11 月上线。

Arkham is preparing to launch its own cryptocurrency derivatives exchange, which will go live in November 2024. The proposed exchange will target retail investors, and over time, Arkham aims to compete with major players like Binance.

Arkham 正准备推出自己的加密货币衍生品交易所，将于 2024 年 11 月上线。拟议的交易所将针对散户投资者，随着时间的推移，Arkham 的目标是与币安等主要参与者竞争。

Arkham already has the backing of notable investors like OpenAI founder Sam Altman, and it plans to base its operations in Punta Cana, the Dominican Republic, an area known for favorable tax regulations.

Arkham 已经得到了 OpenAI 创始人 Sam Altman 等著名投资者的支持，并计划将其业务基地设在多米尼加共和国的蓬塔卡纳，该地区以有利的税收法规而闻名。

However, thanks to U.S. regulatory constraints, the new platform will not be accessible to U.S. users. It is willingly relinquishing a large chunk of potential cash flow from a market known to be incredibly liquid.

然而，由于美国监管限制，美国用户将无法使用新平台。它自愿放弃来自流动性极高的市场的大量潜在现金流。

But the exchange has been in development over the past year, and it is actively raising $100 million to scale its operations. So, it probably has a plan in place if it won’t even attempt to take a share of the United States market. There’s certainly some merit to looking outside the U.S. for its user base.

但该交易所在过去一年中一直在发展，目前正在积极筹集 1 亿美元来扩大运营规模。因此，如果它甚至不尝试占领美国市场份额，它可能已经制定了计划。寻找美国以外的用户群当然有一些好处。

We also know the initiative will occur after the company relocates from its current London and New York bases.

我们还知道，该举措将在该公司从目前的伦敦和纽约基地搬迁后进行。

Arkham Intelligence’s ultimate goal in creating the new exchange is to challenge the major players in the token exchange market, which begs the question: How will it stand out?

Arkham Intelligence创建新交易所的最终目标是挑战代币交易市场的主要参与者，这就引出了一个问题：它将如何脱颖而出？

Many derivative exchanges are doing okay, but few are near Binance’s standards.

许多衍生品交易所都表现不错，但很少有交易所能达到币安的标准。

If Arkham plans to break out and do something that exchanges like OKX and Bybit have failed to do so far, it will need to do more than provide a unique experience specially catered for retail investors.

如果 Arkham 计划突破并做一些 OKX 和 Bybit 等交易所迄今为止未能做到的事情，那么它需要做的不仅仅是提供专门针对散户投资者的独特体验。

To be fair, Arkham already has a few things going for it.

公平地说，《阿卡姆》已经具备了一些优势。

These features, combined with Arkham’s existing data analytics platform and growing user base of more than 800,000 active monthly users, may just be enough to make the upcoming Arkham exchange a formidable upstart in the competitive crypto derivatives space.

这些功能，再加上 Arkham 现有的数据分析平台以及每月超过 800,000 名活跃用户的不断增长的用户群，可能足以使即将推出的 Arkham 交易所成为竞争激烈的加密衍生品领域的强大新贵。

Whether it will be enough to threaten Binance’s supremacy is another question—one that its investors hope is answered in the affirmative.

这是否足以威胁币安的霸主地位是另一个问题——投资者希望这个问题得到肯定的回答。

Binance is at the top of the game for good reasons. The exchange has most of the answers regarding trading options for users, including futures, options, perpetual contracts, and leveraged tokens.

币安在游戏中处于领先地位是有充分理由的。交易所为用户提供了关于交易期权的大部分答案，包括期货、期权、永续合约、杠杆代币等。

While still in development, Arkham’s exchange is expected to offer similar features, but it hasn’t revealed the full extent of its services just yet.

尽管仍处于开发阶段，Arkham 的交易所预计将提供类似的功能，但尚未透露其服务的全部范围。

Of course, speculation abounds, and everyone expects Arkham to leverage its resources as a data-tracking giant. Besides that and other standard crypto derivative exchange features, no one is sure if Arkham has a surprise use case that will put them in the league of Binance and other exchange giants.

当然，猜测比比皆是，每个人都期望阿卡姆能够利用其作为数据跟踪巨头的资源。除了这个和其他标准的加密衍生品交易功能之外，没有人确定 Arkham 是否有一个令人惊讶的用例，可以让他们跻身币安和其他交易巨头的联盟。

Nevertheless, among the established features Binance currently offers, there are some Arkham can tweak to provide better options for users.

尽管如此，在币安目前提供的既定功能中，有一些 Arkham 可以调整以为用户提供更好的选择。

For example, Binance offers traders up to 125x leverage on some futures contracts, a value only a few exchanges like OKX and Huobi have been able to offer.

例如，币安为交易者提供某些期货合约高达 125 倍的杠杆，只有 OKX 和火币等少数交易所能够提供这一价值。

FTX, before its downfall, offered as much as 101x leverage, but that value fell to 50x after the scandal involving Sam Bankman-Fried. The leverage Arkham will offer has not been disclosed, but it is one way the new exchange can lodge itself firmly in the league of giants.

FTX 在倒闭之前提供了高达 101 倍的杠杆率，但在 Sam Bankman-Fried 丑闻发生后，该杠杆率跌至 50 倍。 Arkham 将提供的杠杆尚未披露，但这是新交易所能够牢牢跻身巨头联盟的一种方式。

The world is now waiting to learn more about Arkham’s new exchange, but one area where it will most likely beat Binance is access, pricing, and fees.

现在全世界都在等待了解有关 Arkham 新交易所的更多信息，但它最有可能击败币安的一个领域是准入、定价和费用。

Binance operates globally, albeit with ever-increasing regional restrictions. Arkham’s exchange will focus on non-U.S. markets, and it should look to take advantage of pricing, thanks to its location in the Dominican Republic.

尽管区域限制不断增加，但币安在全球范围内开展业务。 Arkham 的交易所将专注于非美国市场，并且由于其位于多米尼加共和国，因此应该寻求利用定价优势。

Arkham could not have chosen a better time

阿卡姆不可能选择更好的时间

While Binance remains the undisputed number one in crypto derivatives trading, its dominance is at its lowest in four years, with rivals like Bybit and OKX gaining ground.

尽管币安仍然是加密货币衍生品交易领域无可争议的第一，但其主导地位已降至四年来的最低水平，Bybit 和 OKX 等竞争对手正在崛起。

The decline in Binance’s dominance in the crypto derivatives market can be attributed to a cocktail of regulatory pressures, competitive growth from rival exchanges, and internal restructuring.

币安在加密衍生品市场的主导地位下降可归因于监管压力、竞争对手交易所的竞争性增长以及内部重组等多种因素。

In response to these regulatory challenges, Binance has had to voluntarily withdraw or limit its operations in several key markets, including Europe, Nigeria, and the U.K., where local regulators have banned or imposed heavy restrictions on Binance’s derivatives services.

为了应对这些监管挑战，币安不得不自愿撤回或限制其在几个关键市场的业务，包括欧洲、尼日利亚和英国，当地监管机构已禁止或对币安的衍生品服务施加严格限制。

These concessions have allowed the competition to gain ground. Arkham’s new exchange aims to capture a significant share of the derivatives market, and it may just be the new player needed to reshuffle the deck—one that might ultimately give Binance a run for its money.

这些让步使得竞争取得了进展。 Arkham 的新交易所旨在占领衍生品市场的重要份额，而它可能正是重新洗牌所需要的新玩家——最终可能会与币安展开竞争。