Oh Dear! Arkham’s Crypto Venture Fizzles Out in a Most Unfashionable Manner

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Finance

What to know, dear reader:

  • Arkham, that ambitious data intelligence firm, finds itself in a most precarious situation, planning to shutter its crypto exchange platform.
  • Founded in 2020, it had boasted over 3 million registered users, though one wonders how many were merely curious onlookers.
  • Arkham, ever so reticent, did not deign to respond to requests for comment, leaving us all to speculate on their misfortune.

It appears, my dear friends, that Arkham Exchange, the cryptocurrency trading platform crafted by the clever minds at Arkham Intelligence, is to close its doors. So says a person familiar with the matter, though they remain as elusive as a bashful debutante at her first ball.

Arkham, whose patrons include the esteemed OpenAI CEO Sam Altman, has chosen silence as its most elegant reply to our inquiries. How very mysterious!

This company, born in the year 2020 and once so full of promise, had envisioned a crypto derivatives exchange to rival the likes of Binance. Oh, the audacity! By early 2025, they had ventured into spot crypto trading in several U.S. states, but alas, volumes proved as elusive as a suitable match for Miss Eliza Bennet.

Despite the addition of a mobile trading app in December, Arkham’s trading volumes remained as modest as a country vicar’s income. Binance, that towering giant, boasted nearly $9 billion in daily trading, while Coinbase, its closest rival, managed $2 billion. Poor Arkham, in contrast, recorded a mere $620,000 in the past 24 hours. How mortifying!

Among Arkham’s backers, we find Draper Associates, Binance Labs, and Bedrock, all of whom must now console themselves with the thought that not every venture is destined for greatness.

And let us not forget Arkham’s native crypto token, ARKM, which at the time of writing was trading at a most unremarkable $0.12. One can only imagine the chagrin of its holders!

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2026-02-11 13:22