Data analytics firm Arkham Intel first floated the idea of adding a crypto derivatives exchange in late 2024. Feb 11, 2026, 9:22 a.m. Arkham Exchange, the cryptocurrency trading platform built by data analytics company Arkham Intelligence, is closing down, according to a person familiar with the matter. Arkham, whose backers include OpenAI CEO Sam Altman, did not respond to requests for comment. STORY CONTINUES BELOW The company, which was founded in 2020 and now boasts over 3 million registered users, floated the idea of adding a crypto derivatives exchange back in October 2024. The plan was to compete with giants such as Binance for retail investors. By early 2025, Arkham Exchange had added spot crypto trading in a number of U.S. states. But volumes appear to have been a challenge , despite the firm adding a mobile trading app in December. Binance, the largest crypto exchange by volume, had almost $9 billion of daily trading, according to CoinGecko data. Coinbase (COIN), the No. 2, had $2 billion. Akrham recorded just under $620,000 in the past 24 hours. In addition to Altman, Arkham’s backers include Draper Associates, Binance Labs and Bedrock. Arkham hosts its own native crypto token, ARKM , which was trading at close to $0.12 at the time of writing. More For You MrBeast's finance bet could become the new generation's Schwab, Robinhood, Tom Lee says 36 minutes ago The BitMine chairman said at Hong Kong Consensus 2026 that MrBeast acquiring neobank Step could win over a new generation of investors to crypto. What to know: Thomas Lee, the chairman of BitMine Immersion, said the company's bet on MrBeast and his neobank acquisition is a way to capture a new generation for whom digital assets are financially native. What Schwab was for boomers, BlackRock for Gen X and Robinhood for Millennials, Beast could become the financial institution of Gen Z and Gen Alpha, Lee said. Read full story