The analytical company Arkham Intelligence has decided to close its own cryptocurrency exchange, Arkham, due to insufficient interest from clients. According to reports, the main reason for this move was the low activity of users on the trading platform.
This is reported by Finway
Significant Lag Behind Market Leaders
In the last 24 hours, the trading volume on the Arkham exchange was less than $620,000, which is significantly lower than its leading competitors. For comparison: on Binance, the trading volume reached nearly $9 billion, while on Coinbase it was $2 billion, according to CoinGecko data.
History and Activities of Arkham Intelligence
The Arkham Intelligence service was founded in 2020 and attracted over 3 million registered users. In October 2024, the company’s team announced the launch of a cryptocurrency derivatives exchange aimed at retail investors. In January 2025, Arkham Exchange launched spot trading in several U.S. states, and by December of the same year, it added a mobile application.
Additionally, the exchange had its own token, ARKM. Its current value is approximately $0.12, which is 97% lower than its all-time high of $4 recorded in March 2024.
“In the last 24 hours, the trading volume on the platform was less than $620,000. For comparison: Binance during the same period — nearly $9 billion, Coinbase — $2 billion, according to CoinGecko.”
In November 2024, Arkham announced its entry into the Ukrainian market, but low demand forced the company to reassess its strategy and shut down the exchange.
ARKM/USDT Chart on Binance. Data: TradingView.