Arkham Exchange shifts to decentralised model

Arkham Exchange is not shutting down and will instead transition from a centralised exchange model to a fully decentralised platform, according to the company’s chief executive.

The trading venue, launched by Arkham Intelligence in 2024, is redesigning its infrastructure as a decentralised exchange amid rising derivatives activity onchain, CEO Miguel Morel told Cointelegraph.

“The future of crypto trading is decentralised, and that’s what we’re building towards,”

Said Arkham CEO, Miguel Morel.

Morel added that centralised incumbents have become “bloated and unresponsive to user needs, becoming worse than the traditional financial systems they pretend to improve on,” arguing that decentralised trading offers a return to crypto’s original ethos.

“Decentralised trading, especially for perpetuals, has exploded because it is a return to what made crypto so exciting in the first place,”

Morel said, adding that it is “cheaper, faster, and gives users custody of their own assets,” and following the announcement the Arkham token price was unchanged at $XX.

The pivot comes as DEX-to-CEX trading volume ratios reached record highs in 2025, with perpetual DEX volumes surging from $4.1 trillion at the start of the year to as much as $12 trillion.

Arkham Exchange currently reports average daily trading volumes of about $640,000, and has not provided a timeline for completing its transition to a fully decentralised trading model.