On May 14, 2018, OKEx CEO Chris Lee shockingly from his post, citing personal reasons and a “desire to start a new life.” Now, the FinTech and digital payments expert joins Huobi, a primary rival of his former firm barely one week after dumping OKEx.
Huobi Bolstered with New Talent
In an announcement on May 21, the Singapore-based cryptocurrency exchange Huobi, the fourth largest in the world by volume, hinted that Lee would take charge of its international strategy, to make its expansion process into other markets as seamless and frictionless as possible.
The seasoned capital market professional could not hide his excitement over the new deal as he took to Twitter to predict that Houbi would become the most significant exchange within a short while, leaving , BitMEX, and behind.
I've officially joined Huobi group as secretary of the board of Directors & Vice president of International business development
With e combination of expertise with industry leading marketing & operational abilities, we WILL be biggest in the entire industry!
— Chris Lee (@ChrisLEE_Crypto)
Notably, the crypto enthusiast who holds several professional qualifications including Australian Chartered Accountant, Financial Risk Manager (FRM) of the United States and others, initially said on Twitter that he left OKEx in a bid to have a short break and spend time with his family.
However, he later revealed the real reason for his resignation to a regional news outlet, :
“Xu is a tech guy who lacks communication skills, a problem many geniuses have to face. He heads the team alone and is not used to handing over some work to and trusting others. He works really hard but is not easy to get along with. But I’m only responsible for OKEx’s overseas business, and I’m an idealist.”
According to , Lee also took to WeChat to clear the air concerning his departure as quite many rumors have been making the rounds that he left the firm because of its broiling controversy of faking trading volumes.
“Even though I was born in China, I received a Western education. I handle things in a hard and fast manner, and Xu is more grounded and thinks about the long-term. When we fight, it’s for the company. His temper is huge, so is mine. After we finish fighting behind closed doors, we are still good buddies who drink together,” Lee wrote in Mandarin.
OKEx Losing the Lead
It appears OKEx is already missing the impact of Lee as the exchange now sits at number two spot with a of $1.64 billion at the time of writing, bettered by which has $2.19 billion. However, the ‘Lee effect’ is yet to be felt at Huobi either as the exchange comfortably occupies the number four spot with a 24-hour volume of $974.92 million.
On April 13, 2018, BTCManager that OKEx had announced preparations to launch operations in Malta in a bid to leverage the amenable cryptocurrency regulations present in the tiny island nation.
Back then Lee reiterated that:
“We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the blockchain ecosystem.”
Now that Lee is no more with the OKEx team it remains to be seen how things will pan out for the exchange in the near future.
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After receiving a huge response from the Crypto Con Mumbai, the Block Hedge team is now bringing South-East Asia’s biggest blockchain event in Bangkok, Thailand. While dedicating to discovering hottest innovations, market trends, and sensations around the crypto and blockchain sphere, this event is going to be even hotter and bigger!
This time the Block Hedge event will be held on August 31. Why Thailand? Thailand was chosen as one of the important South-east Asian countries for cryptocurrency and blockchain developments of recent times. While most countries are unsure on adopting cryptocurrency as legal tender for transactions, Thailand, on the other hand, has emerged to be one of first few countries to introduce special laws for cryptocurrencies. Like Thailand, there are other countries in the region started thinking of legalizing cryptocurrency. Banks, Healthcare and Supply Chain enterprises of this region are moving their businesses into this most disruptive technology.
With more than 500 blockchain and cryptocurrency innovators, decision-makers, innovative startups, and enterprising investors are expected to attend. Block Hedge – Bangkok builds on the success of similar events in Mumbai and New Delhi. The one-day event focuses on the future of blockchain technology, finance, and investment, regulation and governance, successful past and future ICOs, security threats and considers how decentralization continues to disrupt sectors like banking and supply chain.
Block Hedge events are designed to entitle pioneers to find ideas, partners, investments, and friends. That’s why, people sometimes express our events as a global center of technology, innovation, and investments. Our forthcoming event will not be an exception. Why are we so confident? Block Hedge Bangkok is set to uncover the most promising releases from the global blockchain and crypto companies, successful ICOs, while showing versatile and ample insights on how the blockchain disrupts some of the finest technologies such as AI, IoT, and many others.
Past Block Hedge Speakers Include:
Joshua Paul Hawley- Co-founder, Mauritius Ethereum Appliance,
Alexander Vervarenko- CEO, ShipNext,
Lior Zaks- VP, Olam Foundation,
Per Lind- Member, IOTA,
Nikita Shevchenko- Co-founder, Fund Platform,
Evan Luthra- CEO, Almora,
Sunny Kapoor- Co-founder, Gladage.
And many more prominent speakers.
for the Block Hedge Events is now open. For more information about Media Partnership and speaking opportunities, please contact amitabh@block-hedge.com. Companies interested in sponsorship, exhibiting or advertising packages are requested to contact at animesh@block-hedge.com.
So, save the date and get ready to witness world’s most innovative event of blockchain technology.
This is a paid press release. BTCManager does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BTCManager is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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![Tron cryptocurrency (trx) plows into the green as btc [btc] (btc) price stagnates](https://ohiobitcoin.com/storage/2019/01/T8ZFiG.jpg "Tron cryptocurrency (trx) plows into the green as btc [btc] (btc) price stagnates")
