15: Arthur Hayes — The Wild West of Crypto Futures

Arthur Hayes is the CEO of Hong Kong based BitMEX, one of the first cryptocurrency derivatives exchanges that currently ranks #1 in bitcoin USD futures volume. This episode reveals the thinking of a trader who’s been at the forefront of the market for three years. Arthur discusses the structural issues he thinks the CME and CBOE may face when they launch crypto trading in the U.S. next week, why his perpetual 100X leverage swap products is the most popular, and why he thinks valuation models for crypto are an exercise in futility. He shares how BitMEX deals with asset forks as well as exchange security, why Korean trading is booming, what he believes is going on with the Chinese crackdown and miners, and dispels any fantasy that one can get rich trading crypto from the beach.  An excerpt of this episode is published in Forbes. Full transcript will be available on Medium.  The episode was produced by Allison Behringer.    ᐧ