Home
News
- 1 Arthur Hayes is the former CEO of Bitmex, who became an investor and a writer in the financial world.
- 2 He currently has a portfolio of $29.14 Million and is currently down by $4 Million.
- 3 Most of the Arthur Hayes portfolio consists of Ethereum, SUSDE, and WILD.
Arthur Hayes is the former CEO of BitMEX and has emerged as a prominent figure in the cryptocurrency industry. He cofounded Bitmex in 2014 along with Samuel Reed and Ben Delo. They aimed to revolutionize the way cryptocurrency derivatives were traded. BitMex gained quick recognition for offering leverage trading and futures contracts for traders and investors.
Hayes has a background in finance. He graduated with a degree in economics from Wharton. In his early years, Hayes lived in Hong Kong and worked as an equity trader. He was the market maker of the Deutsche Bank and Citibank ETF businesses.
Hayes’s Journey as a BitMEX CEO and Beyond
Under Hayes’ leadership, BitMEX became one of the largest cryptocurrency exchanges by trading volume while being dominant in the derivatives market. The platform’s success can be attributed to its innovative products that allowed traders to speculate on the price movements of cryptocurrencies with high leverage. It drew both favor and criticism at this point of time.
Hayes and BitMEX faced many hurdles and various legal challenges. In October 2020, the CFTC filed charges against BitMEX and its executives, which included Hayes.
The charge was for allegedly operating an unregistered trading platform and violating anti-money laundering regulations. It marked a turning point for Hayes and BitMEX, which led to his eventual resignation as CEO and the restructuring of the company. Arthur Hayes was sentenced to two months of detention and two years of probation.
After stepping down from the CEO post, he started the Maelstrom investment fund, which Arthur Hayes Family Office currently runs. He has also been an active investor in the crypto space. He began writing his views about the financial sector on Medium, which has a strong audience.
A Look into Arthur Hayes’s Portfolio and His Trading Strategy
Arthur Hayes’s love for Ethereum is not hidden from anyone. He holds around 4.685k ETH, worth around $16 Million and is 55% of his total portfolio. Some of the other notable investments by Arthur Hayes are SUSDE, WILD, ETHFI, PENDLE, BOBA, and ENA.
Source: Arthur Hayes Portfolio By Arkham Intelligence
He has made the majority of deposits through Kraken, OKX, and HTX. Meanwhile, the overall withdrawal made by Arthur Hayes is through the Binance. Arthur Hayes’ portfolio spiked to $85 Million in 2021 when he was one of the notable investors in Alamada and FTX. Since then, his portfolio has seen a decline to $19 Million.
His portfolio saw a spike in June when the ETH gained momentum while he added some meme coins to it. He recently increased his portfolio of BOBA to 83.33k tokens.
Source: Maelstrom.fund
Arthur Hayes’s family fund had also made substantial investments in the crypto sector. Some notable investments are OBOL, Hyperline, ether.fi, and many more.
The journey of Arthur Hayes as a trader is a statement of consistency and patience through which he made significant wealth.
Disclaimer
This article is for educational purposes for readers. It does not include financial advice for anyone. Everyone is advised to conduct research before making any financial decision. Also, consult with a professional before trading on a crypto exchange.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
