Huobi Poaches Chris Lee From Rival OKEx

Just days after resigning from OKEx, Chris Lee is joining China’s Huobi, the world’s third largest crypto exchange. Lee is joining OKEx in the newly-created position of Board Secretary and Vice President of Global ‎Business Development.‎ In an announcement last week, Lee said he was resigning from OKEx so as to “spend more time with his family.”

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Initially, Huobi had its operations based in China but has since shifted most operations to which is based in Singapore.

At Huobi, Lee was in charge of over $1 billion in daily digital currency trade. In his new position, he will oversee the company’s global M&A strategy and steer the development of international teams and networks. The company is working to expand its operations to Middle East, Korea and Japan. In a statement, Leon Li, the CEO of OKEx said that the appointment of Chris by Huobi was agreed upon before his resignation from the company.

OKEx has maintained an upward trajectory

In the recent weeks, OKEx has been rising in global ranking and has since overtaken Binance in terms of turnover. OKEx currently has a daily trading volume of $1.7 billion. Huobi is currently in the third position with a trading volume of $1.1 billion.

While commenting on the appointment and his new role, Lee said that he is an ardent crusader for blockchain technology and that exchanges are very important in the industry. He added that Huobi Group has established a very strong foundation, having attracted a lot of investors. Lee said that Huobi Group has a lot of investment to the whole blockchain ecosystem. Leon said that the exchange will be investing more in growing blockchain in the global market and added that Chris has the ability and passion to steer the company in that direction.

OKEx and Binance are expanding their operations to other countries

Both OKEx and Binance were launched in Hong Kong but have since spread their network to other countries. In March, Binance moved its headquarters to Malta, which is popularly called ‘Blockchain Island’, because of its robust and crypto-friendly regulatory framework. Later, in April, OKEx also followed suit and moved its headquarters to Malta.

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