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 months
2 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 4 in all, peaking in Jan 2026 with 2.

Appearances

newest first · ▶ plays the moment
Whatever you put in as a max, you can lose.
Your initial margin is the maximum loss.
Well, you're really upset if you didn't understand how the mechanism worked or maybe the implementation wasn't as advertised, but...
Any sophisticated trader by this point, like ADL has been around since 2014.
Right.
Like you, if you don't understand how this works.
You should want to get ADL in the sense that like that means.
You should never want to get ADL.
What I'm saying is you should understand how it works and have modeled this out.
And if you lose money and you didn't know what was going on, then you deserve to lose the money.
Like where do you think the perp thrives better, onshore or offshore?
I mean, I'd say that probably most U.S.
people will still trade perps.
I mean, we'll see the incremental uplift on what any of these platforms get if they have a, you know, they can properly...
market these things.
But I don't know.
It's big.
Obviously, the U.S.
retail trading market is a massive market, biggest in the world or one of the biggest in the world.
So it's a massive market.
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