ChainCatcher reports that, according to CoinDesk, on-chain data analytics platform Arkham Intelligence plans to shut down its cryptocurrency exchange, Arkham Exchange. Sources familiar with the matter revealed that the exchange failed to attract sufficient trading volume.
Arkham Intelligence first proposed its plan to establish 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 launched spot cryptocurrency trading services in multiple US states and released a mobile trading application in December.
However, according to CoinGecko data, Arkham's trading volume in the past 24 hours was only about $620,000, far lower than Binance's nearly $9 billion and Coinbase's $2 billion daily trading volume.
Founded in 2020, Arkham Intelligence currently boasts over 3 million registered users. Its investors include OpenAI CEO Sam Altman, Draper Associates, Binance Labs, and Bedrock.
