Arkham plans to shut down the cryptocurrency trading platform Arkham Exchange

According to CoinDesk, on-chain data analytics platform Arkham Intelligence plans to shut down its cryptocurrency trading platform Arkham Exchange. Sources revealed that the trading platform failed to attract sufficient trading volume.

Arkham Intelligence first proposed the establishment of a cryptocurrency derivatives exchange in October 2024, aiming to compete with giants like Binance for the retail investor market. By early 2025, Arkham Exchange had offered spot cryptocurrency trading services in several U.S. states and launched a mobile trading application in December.

However, according to CoinGecko data, Arkham's trading volume over the past 24 hours was only about $620,000, far below Binance's nearly $9 billion and Coinbase's $2 billion daily trading volume.

Arkham Intelligence was founded in 2020 and currently has over 3 million registered users. The company's investors include OpenAI CEO Sam Altman, Draper Associates, Binance Labs, and Bedrock.