CEO Responds to Claims of Closure for Altcoin Whose Price Has Declined Over the Past Year

Claims that Arkham Exchange, an exchange developed by crypto analytics company Arkham Intelligence, would be shutting down have been denied.

Miguel Morel, the company’s founder and CEO, announced that the platform would not be shutting down but would be transitioning from a centralized exchange (CEX) model to a fully decentralized exchange (DEX) model.

Morel, in a statement following reports that the exchange would close, said, “Arkham Exchange is transitioning from a centralized exchange to a fully decentralized one. The future of crypto trading is decentralized, and that’s what we’re building.”

The platform, which supports spot and futures trading, had also launched its mobile application at the end of 2025. However, company management stated that the centralized exchange model had gradually become “bloated and slow to respond to user needs.”

Morel, also referring to centralized exchanges, said, “The current centralized platforms have become even more cumbersome than the traditional financial systems they promised to improve. We don’t want to invest in that.”

Arkham Exchange, which launched spot cryptocurrency trading in some US states in early 2025, has seen limited trading volume performance. Approximately $620,000 worth of transactions took place on the platform in the last 24 hours.

For comparison, the world’s largest cryptocurrency exchange, Binance, has a daily trading volume of approximately $9 billion, while the second-ranked Coinbase reaches around $2 billion. Founded in 2020 and boasting over 3 million registered users today, Arkham’s investors include Sam Altman, Draper Associates, Binance Labs, and Bedrock.

The platform’s ARKM token, however, has lost over 84% of its value in the last year and is currently trading around $0.11.

*This is not investment advice.