Arthur Hayes is an American entrepreneur and former derivatives trader. He is the co-founder and CEO of BitMEX (now 100x Group), one of the world's largest cryptocurrency derivatives trading platforms.

As of July 2022, Hayes' net worth was estimated to be over $500 million.

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How did Arthur Hayes build his Net Worth?

Hayes began his career as a derivatives trader at Citigroup in Hong Kong. He later moved to Tokyo to trade Japanese equity derivatives for Deutsche Bank. In 2013, he quit his job to pursue his entrepreneurial dreams and co-founded BitMEX with Samuel Reed and Ben Delo.‚Äć

BitMEX is a bitcoin-based trading platform that allows users to speculate on the price of Bitcoin, Ethereum and other digital assets. The platform has been incredibly successful, and as of May 2022, it had a daily trading volume of over $11 billion. This success allowed Arthury Hayes

In addition to his work at BitMEX, Hayes is also an active investor and advisor in the cryptocurrency space. He is a board member of Bitfinex and Tether (USDT), one of the world's largest cryptocurrency exchanges and stablecoins.

BitMex Arhur Hayes
The BitMex trading platform by Arthur Hayes.

Arthur Hayes Medium Blog

In early October of 2020, Arthur Hayes stepped down as acting CEO of BitMex and started a blog that is published on CryptoHayes Medium that provides commentary about macro financial markets and crypto. These articles have propelled Arthur to becoming one of the most popular thought leaders in the intersection of Macro and Digital Asset finance.

He regularly publishes news blogs and releases them via his official Twitter channel. Arthur Hayes' most recent prediction outlined below is $10,000 ETH by the end of 2022.

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Arthur Hayes Legal Issues

In January of 2021, the United States Commodity Futures Trading Commission (CFTC) filed civil charges against Arthur Hayes for allegedly violating federal anti-manipulation laws. The CFTC alleged that Hayes engaged in "spoofing" (entering and cancelling orders to manipulate prices) in the market for Bitcoin futures contracts.

The CFTC's complaint also alleged that BitMEX, through Hayes and other employees, engaged in a number of illegal activities, including operating an unregistered derivatives trading platform and violating anti-money laundering laws. The CFTC is seeking civil monetary penalties, disgorgement of ill-gotten gains, and a trading ban against Hayes.

On 05 May 2022, Arthur Hayes alongside his co-founders pleaded guilty to these charges and was sentenced to pay $10 million each, and two years probation with six months of home confinement.

Arthur Hayes Twitter

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