Luke Martin: How BitMEX founder CryptoHayes created a top Bitcoin exchange

Traders Union
All News
Market Voices
BitMEX creation story and origins

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Daria Chernytska

23.07.2026

Luke Martin: How BitMEX founder CryptoHayes created a top Bitcoin exchange — BitMEX creation story and origins

Luke Martin recounts the story behind the creation of BitMEX, one of the most successful Bitcoin exchanges. According to Martin, the journey began after its founder, CryptoHayes, was fired in Hong Kong, leading him to send money to two Russians in the Caribbean and discover an arbitrage opportunity that generated 200 percent annual returns.

These steps contributed to BitMEX's rise as a major player in the Bitcoin exchange landscape.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Martin has tracked significant movements in digital assets in prior reports. He recently highlighted Solana’s $300 million surge in one week, noting trader success in volatile conditions. In another account, he reported that bitcoin outperformed macro assets in 11 out of the past 15 years. These observations provide further context to his coverage of cryptocurrency exchanges.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

Bitcoin mining is getting greener, but the debate isn't over

By Anastasiia Chabaniuk
3 hours ago

Bitcoin mining is getting greener, but the debate isn't over

Editors' Picks

Asia's largest IPO: How CXMT became China's most valuable company

By Mikhail Vnuchkov
7 hours ago

Asia's largest IPO: How CXMT became China's most valuable company

Editors' Picks

Global fintech in 2026: Three trends that matter

By Pavlo Kot
Yesterday

Global fintech in 2026: Three trends that matter

Editors' Picks

All Editors' Top Picks

Latest Luke Martin News

Tokenized stock volumes are rising as trading pairs expand, Luke Martin notes

By Yaroslav Dmytrenko
24.07.2026

Tokenized stock volumes are rising as trading pairs expand, Luke Martin notes

Market Voices

Bitcoin outperformed macro assets in 11 years, Luke Martin notes

By Daria Chernytska
21.07.2026

Bitcoin outperformed macro assets in 11 years, Luke Martin notes

Market Voices

Luke Martin: Tokenization of stocks and real estate poised to transform global finance

By Jose Antonio Gastelum
14.07.2026

Luke Martin: Tokenization of stocks and real estate poised to transform global finance

Market Voices

All Luke Martin News

Anastasiia Chabaniuk
3 hours ago

Bitcoin mining is getting greener, but the debate isn't over

Mikhail Vnuchkov
7 hours ago

Asia's largest IPO: How CXMT became China's most valuable company

Pavlo Kot
Yesterday

Global fintech in 2026: Three trends that matter

Pavlo Kot
25.07.2026

From Jesus Christ to aliens: Polymarket's most absurd prediction markets

Andrey Mastykin
25.07.2026

Hunting crypto owners: Why criminals have gone offline

Elena Nikulina
6 min ago

Fast executions and reliable platforms provide an edge in volatile markets, Shay Huang notes

Ashutosh Sureka
7 min ago

Chipmaker valuations surpass heights seen during dot-com era, Charlie Bilello notes

Hanna Syniavska
17 min ago

Hunter Biden challenges U.S. President Donald Trump on crypto issues, Ed Krassenstein notes

Dmytro Kharkov
26 min ago

S&P 500 moves sharply with $500 billion swing, Peter Tuchman notes

Yulia Slavina
36 min ago

Ford Motor seeks larger aftermarket presence to meet rising customization demand, Dominic Chu notes

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Olga Shendetskaya
3 hours ago

Treasury yields ease as investors turn to the Fed

Treasury yields ease as investors turn to the Fed

Hanna Syniavska
5 hours ago

U.S. stock futures rally as oil prices retreat

U.S. stock futures rally as oil prices retreat

Olga Shendetskaya
5 hours ago

CME Group launches futures on 55 major U.S. stocks

CME Group launches futures on 55 major U.S. stocks

Ivan Andriyenko
7 hours ago

Nvidia considers $250 billion support for OpenAI project

Nvidia considers $250 billion support for OpenAI project

Hanna Syniavska
8 hours ago

Brent falls below $90 as Middle East tensions ease

Brent falls below $90 as Middle East tensions ease

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Alphabet remains under pressure as AI investment concerns overshadow strong cloud growth

Anton Kharitonov
Now

Microsoft faces key earnings test as AI investment debate intensifies

Anton Kharitonov
Now

Apple approaches earnings as resilient momentum keeps shares near record highs

Mykhailo Ihnatenko
Now

Snowflake keeps bullish momentum intact above $270

Mykhailo Ihnatenko
Now

AMD stock seeks $565 as UBS lifts price target to $730

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.