🚀 Arthur Hayes Advocates Aptos as a Solution to Traditional Finance Problems

Arthur HAYES, the founder of BitMEX, claims that the Aptos (#APT ) network can solve numerous problems in the traditional finance (TradFi) sector. In a speech at the Aptos Experience conference in Seoul, Hayes discussed his experiences in the traditional finance sector, highlighting its outdated and inefficient nature. He pointed out common problems such as delays in remittances, settlement discrepancies, and stock deliveries.

Hayes explained that the inefficiencies he has seen in traditional finance often stem from outdated practices. He noted the problematic nature of transactions taking a day or two, questioning why, in a world where data moves quickly, financial transactions lag behind. He believes that decentralized exchanges (DEXs) could revolutionize the trading of traditional financial products, saying that exchanges’ reluctance to adapt stems from a fear of exposing their true value as intermediaries.

Hayes argues that using a DEX based on #Aptos could eliminate unnecessary delays and intermediaries. This approach, he says, could solve many problems for firms like BlackRock. He argues that traditional exchanges and brokers that profit from payment flows would become unnecessary. Hayes predicts that Aptos could outperform Solana (SOL) in the current market cycle, potentially becoming the second-best Layer 1 blockchain within one to three years.