Ex CEO of OKEx Joins Huobi

by Sheenam Khuttan | May 21, 2018 | Cryptocurrency, Cryptocurrency News

Chris Lee | Ex CEO OKex | Huobi | Huobi Group | Blockhain

Chris Lee, the former CEO of Hong Kong-based crypto exchange OKEx, will now be joining rival company Huobi as Board Secretary and Vice President of Global Business Development. In this role, Chris will lead Huobi Group’s global M&A strategy and oversee the development of international teams.

LEON LI, founder, and CEO of Huobi Group, said sharing the statement,

“This year, we’re making major investments in growing the global blockchain and digital asset ecosystem and I am confident in Chris’s passion and ability to help us capture this blue ocean opportunity,”

The new appointment comes just a week after Lee announced his resignation from OKEx on WeChat – a departure that came after just months as the platform’s CEO.

Lee had been with OKEx’s parent firm OKCoin since 2015. He was appointed CEO of OKEx after his predecessor, OKCoin founder Star Xu, stepped down from the role in February.

The popularity of blockchain and digital assets have incited finance ministers, regulating bodies, banks and policymakers around the world to be steadfast in outlining clearer guidelines, processes, and licenses.

In the last two quarters, the scale of digital asset investment funds has increased drastically alongside new alliances in the global ecosystem that aims to promote the widespread adoption and integration of blockchain technology. Chris opened up about his role, saying,

“Licenses and guidelines will lead to more product diversification and participation. We will likely see growth in both utility and security tokens, digital asset-related financial derivatives, and the digitization of physical assets. These are all massive markets that we want to capture to maintain our first-mover advantage.”

Chris can visualize the progress of exchange markets in the coming years. He believes that in less than five years, sixty-percent of the total transaction volume in major international markets will be accounted for by just the three exchange groups from each market. Additionally, there will be an emergence of open and decentralized exchanges as blockchain and digital assets evolve.

Talking on Blockchain, Chris said he sees Huobi getting bigger than prominent firms like Goldman in the coming times.

“I am a big believer in blockchain technology and view exchanges as the heart of the industry. Huobi Group has built a strong foundation, from the popularity of its exchange to the investments the company has made in the global blockchain ecosystem. The combination of the team’s technical expertise with industry-leading marketing and operational abilities positions it to become the Goldman Sachs of this new era in finance. If done properly, Huobi may even be bigger than Goldman one day.”

About Huobi Group

Huobi Group, established in 2013, is the leading global Blockchain asset financial service provider. Headquartered in Singapore, Huobi Group has operations across the entire Blockchain value chain creating a formidable ecosystem which complements one another, which includes: Huobi Pro, HADAX, Huobi Research, Huobi Capital, Huobi Labs, Huobi Mining Pool and Huobi Ecosystem.

At the end of 2017, the cumulative trading volume of Huobi Pro amounted to US$850 billion.

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