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18/12/18 10:37 UTC-4

Arthur Hayes, BitMEX CEO, spoke at the CME Global Leadership Conference

Arthur Hayes, said that round the clock cryptocurrency trading will be in the near future
Arthur Hayes, said that round the clock cryptocurrency trading will be in the near future

Arthur Hayes, CEO and co-founder of BitMEX (the exchange, which for the last year amounted to almost $ 1 trillion), spoke about the latest episode of the Laura`s Sheen podcast – "Unchained", from the CME Global Leadership Conference in Naples, Florida, as it was reported by CCN news agency.

At the CME Global Leadership Conference, Sheen asked her guests what they thought about the future of blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology.

Arthur Hayes decided to answer first, telling the story of how he became interested in cryptocurrency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
. From his story, Hayes worked at Citi Bank until May 2013. He said that when he lost this job, he started trading in Bitcoin. Approximately 8 months after losing his job, he became a co-founder and CEO of BitMEX, in January 2014.

 

The future of cryptocurrency exchanges

After that, Arthur Hayes said that he believes that in the future, the 24/7 cryptocurrency trading rate will become commonplace.

"What struck me in Bitcoin and the world of crypto-assets is that for the first time you have access for people who would not otherwise interact with the financial markets. (...) I think that round-the-clock trading in all different types of assets is what should be the future, and it will affect other markets with which we are all familiar (...)"Arthur Hayes, the CEO and co-founder of BitMEX.

Later in the podcast, Sheen asked her guests if crypto-assets were a new asset class. Hayes said he considers this a "mixture". He noted that Apple’s cash reserves exceed the entire market capitalization of cryptocurrency. At the same time, at present, cryptocurrency reserves are too small to be considered a "class of assets without liabilities". But according to Hayes, in the next decade, the crypto-sphere has every chance of becoming a separate class.

"A "jury" (CFTC, SEC) will show whether Bitcoin is safe in the long run. It was a decade, which is pretty good, but it is still an experiment. Therefore, I say that the jurors have come out, but this could be a new way to attract capital and values ​​around the world." – Arthur Hayes, the CEO and co-founder of BitMEX.

Arthur Hayes, said that round-the-clock cryptocurrency trading  is the future, but it is not yet clear how right the co-founder of BitMEX is.

Editor: Yuliya Soroka

See also: "The new Chief of Staff of the White House (USA) is a supporter of cryptocurrency"

#Arthur Hayes #BitMEX #stock-exchange #trade #the conference

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