Introduction
Arthur Hayes, a former Wall Street professional, was the co-founder and CEO of
BitMEX, a cryptocurrency derivatives exchange. BitMEX is one of the most popular and successful cryptocurrency exchanges in the world, and it has been a major player in the cryptocurrency markets since its launch in 2014.
Background on BitMEX and Arthur Hayes
BitMEX was founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed. Hayes had previously worked as a trader on Wall Street, and Delo and Reed were software engineers. BitMEX stands for “
Bitcoin Mercantile Exchange” and it is a cryptocurrency derivatives exchange that offers a wide range of products, including futures, swaps, and perpetual contracts. BitMEX is one of the most popular cryptocurrency exchanges in the world and it has been a major player in the cryptocurrency markets since its launch.
Arthur Hayes was the CEO of BitMEX from 2014 until 2020. He was a Wall Street trader before joining BitMEX and he was responsible for the development and growth of the platform. Hayes was a strong advocate of cryptocurrency and was a vocal supporter of the industry.
Why Hayes Left BitMEX
In 2020, Arthur Hayes stepped down as the CEO of BitMEX. The reason for his departure was not disclosed, but it was speculated that it was due to a US Department of Justice investigation into the exchange. The investigation was related to alleged violations of the Bank Secrecy Act and other US regulations.
Conclusion
Arthur Hayes was the co-founder and CEO of BitMEX from 2014 until 2020. He was a Wall Street trader before joining BitMEX and was responsible for the development and growth of the platform. Hayes stepped down as the CEO of BitMEX in 2020 due to a US Department of Justice investigation into the exchange.
