-
Popular crypto exchange denies shutdown rumors
Just 41 days into the new year, the crypto sector has already seen several high-profile exits. Reports that Arkham Exchange could be next quickly made the rounds. But the company says it is not going anywhere.
What is Arkham Exchange?
Arkham Exchange is a crypto trading platform launched by Arkham Intelligence. Arkham Intelligence was founded in 2020 as an onchain analytics platform with backing from prominent angel investors, including Tim Draper, Joe Lonsdale of Palantir Technologies, and OpenAI and Worldcoin founder Sam Altman. Its crypto trading exchange arm was later positioned as a natural extension of its data-driven ecosystem. In October 2024, Arkham floated plans for a crypto derivatives platform aimed at competing with major players such as Binance. By early 2025, it had launched spot trading across multiple U.S. states and rolled out a mobile app in December. Still, volumes have remained modest. According to CoinGecko, Binance holds the top position among the exchanges with nearly $9.27 billion in 24-hour trading volume as of Feb. 11. Coinbase comes second with $2.16 billion. Arkham, by comparison, has registered just under $695,416 in trading volume within the past 24 hours.
Arkham CEO denies shutdown
Arkham Exchange, the trading platform built by data analytics firm Arkham Intelligence, was reportedly preparing to shut down, CoinDesk first reported, citing a person familiar with the matter. The report noted that the exchange was struggling with user adoption. However, Arkham has firmly rejected the shutdown narrative. In comments to Cointelegraph, Arkham CEO Miguel Morel said the exchange is not closing but transitioning from a centralized exchange (CEX) model to a fully decentralized exchange (DEX).
A CEX is run by a company that holds users’ funds and manages trades. Binance and Coinbase (NASDAQ: COIN) are the best examples of CEX. Meanwhile, a DEX operates via smart contracts, letting users trade directly from wallets, like Uniswap or dYdX, without intermediaries. Morel argued that centralized incumbents have grown “bloated and unresponsive,” adding that decentralized trading, particularly perpetual futures, is “cheaper, faster, and gives users custody of their own assets.” Arkham did not provide a timeline for the DEX transition but emphasized that its focus is shifting, not shutting down.
This article has been published in thestreet.com via Yahoo News.
Popular crypto exchange denies shutdown rumors
Just 41 days into the new year, the crypto sector has already seen several high-profile exits. Reports that Arkham Exchange could be next quickly made the rounds. But the company says it is not going anywhere. Arkham Exchange is a crypto trading platform launched by Arkham Intelligence. ...
finance.yahoo.com
