Arkham Intelligence Shutting Arkham Exchange Crypto Trading Platform

Arkham Intelligence's Arkham Exchange is closing, according to a source familiar with the matter. The platform, founded in 2020 with over 3 million registered users and backers including Sam Altman, Altman's Draper Associates, Binance Labs and Bedrock, faced sluggish trading despite a mobile app launched in December 2024. Daily trading volume for Arkham in the past 24 hours was about $620,000, compared to Binance's $9 billion and Coinbase's $2 billion. The company had floated a derivatives exchange in October 2024 but has not responded to requests for comment. Arkham's native token ARKM traded near $0.12 at the time of writing.