Arkham Exchange denies closure reports, preparing to become decentralized platform

Arkham Exchange, the trading platform of blockchain analytics firm Arkham Intelligence (ARKM), has refuted reports of its closure and announced it is preparing to transition into a decentralized platform, Cointelegraph reported. The statement addresses an earlier report from CoinDesk that claimed the exchange was shutting down. In an interview, the exchange said its decision was based on the belief that the future of crypto trading is in decentralization, adding that existing centralized exchanges have become unresponsive to user needs and less efficient than traditional financial systems.