Difference between revisions of "Arthur Hayes"

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Arthur Hayes is the founder and former CEO of the [[digital asset]] trading [[platform]] [[BitMEX]], as well as its parent company, the 100x Group. He stepped down as CEO in October 2020.<ref>{{cite web|url=https://www.theblockcrypto.com/post/80163/bitmex-announces-leadership-changes-arthur-hayes-no-longer-ceo|name=BitMEX announces leadership changes after U.S. government charges, Arthur Hayes no longer CEO|org=The Block|date=March 8, 2021}}</ref>
 
Arthur Hayes is the founder and former CEO of the [[digital asset]] trading [[platform]] [[BitMEX]], as well as its parent company, the 100x Group. He stepped down as CEO in October 2020.<ref>{{cite web|url=https://www.theblockcrypto.com/post/80163/bitmex-announces-leadership-changes-arthur-hayes-no-longer-ceo|name=BitMEX announces leadership changes after U.S. government charges, Arthur Hayes no longer CEO|org=The Block|date=March 8, 2021}}</ref>
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== Overview ==
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Hayes worked as a derivatives trader at Deutsche Bank AG and Citigroup for several years. He was reportedly bored by the traditional financial services industry, and became interested in [[cryptocurrency]] asset trading, which he regards as similar to traditional asset trading in the '80s and '90s.<ref>{{cite web|url=https://www.linkedin.com/company/bitmex|name=BitMEX|org=Linkedin|date=August 22, 2018}}</ref><ref>{{cite web|url=https://www.bloomberg.com/news/features/2018-02-01/bored-with-banking-this-former-citi-trader-went-full-crypto|name=Bored With Banking, This Former Citi Trader Went Full Crypto|org=Bloomberg|date=August 22, 2018}}</ref><ref>{{cite web|url=https://www.bloomberg.com/profile/person/20082458?sref=wgRWWeJL|name=Arthur Hayes Former CEO/Co-Founder, BitMEX|org=Bloomberg|date=March 8, 2021}}</ref>
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Hayes gained an interest in [[bitcoin]] in the early 2010's, and soon began trading. He was among the customers of the now-defunct bitcoin [[exchange]] [[Mt. Gox]] who lost some of his bitcoins when the exchange was hacked in 2013.
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In 2014 Hayes began planning the launch of BitMEX in 2014, along with Oxford graduate, mathematician, and programmer Ben Delo, as well as coder and tech enthusiast Sam Reed.<ref>{{cite web|url=https://www.vanityfair.com/news/2021/02/the-rise-and-fall-of-bitcoin-billionaire-arthur-hayes|name=The Rise and Fall of Bitcoin Billionaire Arthur Hayes|org=Vanity Fair|date=March 8, 2021}}</ref>
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In July 2020 HDR Global Trading, the parent company of BitMEX, announced that it would restructure into a new holding company called the 100x Group, which would be the new holding company for the BitMEX platform and its related assets. The announcement said that with the new corporate structure 100x would "pursue a broader vision to reshape the modern digital financial system into one which is inclusive and empowering." Many interpreted this as a sign that BitMEX was gearing up to branch out, making new products and offering new services outside of the cryptocurrency trading space.<ref>{{cite web|url=https://www.theblockcrypto.com/linked/71657/the-parent-company-of-bitmex-has-restructured-and-it-points-to-ambitions-outside-of-crypto|name=The parent company of BitMEX has restructured, and it points to ambitions outside of crypto|org=The Block|date=March 8, 2021}}</ref><ref>{{cite web|url=https://www.prnewswire.com/news-releases/hdr-global-trading-announces-new-holding-structure-100x-group-301093584.html|name=HDR Global Trading announces new holding structure, 100x Group|org=PR Newswire|date=March 8, 2021}}</ref> In a blog post on BitMEX's website, CEO Arthur Hayes said the new structure of the company will provide BitMEX with "more freedom to explore, incubate and pursue new opportunities and investments, whilst remaining entirely committed to enhancing BitMEX’s leadership position." He also said that the legal structure of BitMEX would not change.<ref>{{cite web|url=https://blog.bitmex.com/introducing-the-100x-group/|name=Introducing the 100x Group|org=BitMEX|date=March 8, 2021}}</ref>
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== Education ==
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Hayes has a bachelor's degree from Wharton Graduate Business School.<ref>{{cite web|url=https://www.bloomberg.com/profile/person/20082458?sref=wgRWWeJL|name=Arthur Hayes Former CEO/Co-Founder, BitMEX|org=Bloomberg|date=March 8, 2021}}</ref>
  
 
==References==
 
==References==

Revision as of 21:54, 8 March 2021

Arthur Hayes
Arthur-hayes.jpg
Occupation CEO (former)
Employer BitMEX, 100x Group (former)
Location Hong Kong
Twitter @CryptoHayes
LinkedIn [arthur-hayes-b493b42 Profile]

Arthur Hayes is the founder and former CEO of the digital asset trading platform BitMEX, as well as its parent company, the 100x Group. He stepped down as CEO in October 2020.[1]

Overview

Hayes worked as a derivatives trader at Deutsche Bank AG and Citigroup for several years. He was reportedly bored by the traditional financial services industry, and became interested in cryptocurrency asset trading, which he regards as similar to traditional asset trading in the '80s and '90s.[2][3][4]

Hayes gained an interest in bitcoin in the early 2010's, and soon began trading. He was among the customers of the now-defunct bitcoin exchange Mt. Gox who lost some of his bitcoins when the exchange was hacked in 2013.

In 2014 Hayes began planning the launch of BitMEX in 2014, along with Oxford graduate, mathematician, and programmer Ben Delo, as well as coder and tech enthusiast Sam Reed.[5]

In July 2020 HDR Global Trading, the parent company of BitMEX, announced that it would restructure into a new holding company called the 100x Group, which would be the new holding company for the BitMEX platform and its related assets. The announcement said that with the new corporate structure 100x would "pursue a broader vision to reshape the modern digital financial system into one which is inclusive and empowering." Many interpreted this as a sign that BitMEX was gearing up to branch out, making new products and offering new services outside of the cryptocurrency trading space.[6][7] In a blog post on BitMEX's website, CEO Arthur Hayes said the new structure of the company will provide BitMEX with "more freedom to explore, incubate and pursue new opportunities and investments, whilst remaining entirely committed to enhancing BitMEX’s leadership position." He also said that the legal structure of BitMEX would not change.[8]

Education

Hayes has a bachelor's degree from Wharton Graduate Business School.[9]

References