The OKCoin exchange announced today that it has appointed a new CEO. It is Hong Fang, former chairman of the OKCoin Board, who will take up this position as of March 31st, 2020.
The former CEO, Tim Byun, will become Global Government Relations Officer of the OK Group. Byun had been able to get OKCoin to reach the American market by opening an office in Mountain View, California; moreover, the press release published today also states that it is thanks to Byun that the exchange was able to expand in Europe at the beginning of 2018 with the opening of an office in Malta.
As the GGRO of OK Group, Byun will, therefore, continue to be responsible for the geographical expansion of the company, maintaining a dialogue with the local authorities.
This is his statement:
“As we enter a new decade, the crypto industry will truly become more global and ubiquitous with the collaboration of governments, especially those that have evolved from a wait-and-see-approach to developing new regulatory frameworks, such as Singapore, Germany and France. I’ve always believed that working transparently with governments and regulators is vital to helping OKCoin and the overall crypto ecosystem to grow in a safe and sound manner. This new appointment is an exciting challenge and a once-in-a-lifetime opportunity as our group continues to expand to new territories.”
OkCoin’s new CEO, Hong Fang, is a former Goldman Sachs banker and equity investor.
These are his words:
“Since OKCoin was founded in 2013, we have been a firm believer in the power of an open financial system empowered by cryptocurrency and its underlying blockchain technology. We want to make it easy and safe to buy and sell crypto assets with fiat anywhere in the world, because that is the very first step (and a fundamental component) to building an open and inclusive financial system. This goal has never changed for us. We are proud that we have always been standing at the forefront of a transformative industry. Now with our international headquarters in San Francisco, we look forward to working with a growing, mission-driven team, continuing to provide safe, secure and compliant fiat on-ramp to crypto assets to our customers worldwide and playing an active role in bringing cryptocurrency into the mainstream.”