Samuel Reed

Cofounder, BitMEX

Search every verified Samuel Reed interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Samuel Reed, cofounder and CTO of BitMEX, discussed the exchange's approach to futures contracts and market transparency during a January 2015 appearance on WCHangout. He stated that BitMEX aims to be fully transparent about product mechanics, including margin calculations and profit-and-loss conditions, in contrast to what he described as less clear practices among some CFD brokers. Reed also commented on the implementation of speed blocks in the market, saying they are not intended to manipulate prices but may slow trading during volatile conditions to prevent excessive gaps, and affirmed that futures contracts would always settle to the spot price at expiration as part of the exchange's obligations. Regarding future product development, Reed expressed skepticism about the market's readiness for options contracts, citing the complexity of information required relative to futures. He noted that BitMEX's priority was to list options on its own futures contracts, which required focusing first on increasing liquidity. Additionally, Reed highlighted the availability of open-source interfacing code and invited active retail traders to contact him directly with questions about the user interface or API integration.