Arthur Hayes
speaker
1,864 appearances
4 recordings
3 series
first heard Jan 2026
last heard 22 Jun
Arthur Hayes’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jan 2026 with 2.
Appearances
I now need to trade on Hyperliquid.
or whatever the dominant Perpdex is.
And they'll get there because the clients are there.
The people that they want to make money off of have migrated.
And so that's why it's a structural trend.
And I think the problem that a lot of these traditional exchanges, they don't understand why they're not going to be successful with the purpose that they're launching.
Number one, a lot of them don't do 24-7.
So it's automatic, like, what the fuck are you even thinking?
This is a 24-7 market.
Number two, you haven't attacked custody.
No, not clearing.
The clearing situation has to be socialized loss.
That's the only way this is gonna work for you as an exchange to offer the high leverage and the notionals that are trading.
If you continue to cling to this guaranteed settlement clearinghouse model that's been around since, you know,
probably, you know, 50 to 100 years, you will not be able to, from a risk perspective, get to the point where you can offer a compelling product to the average retail trader.
Hyperliquid, Binance, everyone else will just be a better compelling product because they're able to offer the high leverage.
Yes, you do have this issue where you could get your ADL or your profit cap and all that sort of stuff.
And I know there's a lot of institutional investors who don't like that uncertainty about their profit payoff, but that's the trade-off to get the retail person excited about trading on this.
And the fact that Tradify doesn't understand that it doesn't get why these products are successful means they're going to launch all these perps
They'll trade a bit.
Showing 481–500 of 1,864 · page 25 of 94
← Previous
Next →