Arkham Intelligence has clarified that its crypto trading platform is not shutting down but transitioning to a fully decentralized model. Earlier reports suggested Arkham Exchange would close after struggling to gain significant market share against dominant players.
The exchange originally launched derivatives trading in late 2024 and later expanded into spot markets across several U.S. states. A mobile trading app was introduced in an effort to boost adoption. However, trading volumes remained modest compared to major exchanges such as Binance and Coinbase, raising questions about its long-term competitiveness.
CEO Miguel Morel said the platform had become overly complex and slow, prompting a redesign focused on decentralization and efficiency. Founded in 2020, Arkham is backed by investors including Sam Altman and Binance Labs and serves over three million registered users. The company says this shift represents a strategic evolution rather than an exit, as it aims to align more closely with crypto’s decentralized principles.
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