Arkham CEO rebuts ‘exchange shutdown’ speculation: “We will transition to a DEX”
Summary
- Arkham’s CEO denied shutdown speculation, saying the platform is shifting from a centralized model to a decentralized exchange (DEX).
- Arkham’s crypto exchange, “Arkham Exchange,” is said to have an average daily trading volume of about $640,000.
- Cointelegraph said perpetual DEX trading volume rose from $4.1 trillion to $12 trillion, reflecting a surge in on-chain derivatives usage.
Forecast Trend Report by Period
Blockchain analytics firm Arkham has pushed back against speculation that it is shutting down its exchange.
Arkham Chief Executive Officer (CEO) Miguel Morel told Cointelegraph on the 11th (local time) that “the crypto trading platform Arkham launched is transitioning from a centralized model to a decentralized exchange (DEX).” Morel added that “the future of crypto trading will be decentralized,” saying, “we are moving in that direction.”
Earlier in the day, some observers suggested Arkham would shut down “Arkham Exchange,” the cryptocurrency exchange it launched in 2024. The CEO’s comments directly countered the shutdown claims. According to CoinGecko, Arkham Exchange’s average daily trading volume is about $640,000 (about KRW 900 million).
Decentralized exchanges are growing rapidly, led by perpetual futures trading. Cointelegraph reported that “perpetual DEX trading volume nearly tripled in a year, rising from $4.1 trillion at the start of last year to $12 trillion by year-end,” adding that the growth “reflected a sharp increase in the use of on-chain derivatives.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
![Bitcoin retakes KRW 100 million amid reports of secret US-Iran contacts…$72,000 in focus [Kang Min-seung’s Trade Now]](https://media.bloomingbit.io/PROD/news/3beef0db-a8f6-4977-9dca-6130bf788a69.webp?w=250)
