Arthur Hayes Recalls Using Mt. Gox Withdrawal Crisis for Bitcoin Arbitrage

In a March 10, 2026 interview with journalist Natalie Brunell, Arthur Hayes described an early trade during the fall of 2013 before founding BitMEX.

BTC

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Terms & Concepts
  • Bitcoin arbitrage: A trading strategy that seeks to profit from price differences for Bitcoin across different markets or venues.
  • Mt. Gox withdrawal crisis: A period when the once-dominant Bitcoin exchange faced withdrawal problems, disrupting market pricing and liquidity.
  • BitMEX: A cryptocurrency derivatives exchange co-founded by Arthur Hayes, known for offering leveraged crypto trading products.