Outgoing Crypto exchange CEO OKEx has teamed up in exchange for his rival Huobi a few days after giving up his former post, Japan Cointelegraph reports today, May 21.
Li Shufei, also known as Chris Lee, left his duties as CEO of OKEx and financial director of OkCoin Parent Operator on May 14, According to reports, to "start a new life." Lee is now joining Huobi as Secretary of the Board , vice president of International Business Development, from May 18.
Among the many tasks, Lee will support the development of Huobi's global business (including Japan, Korea, the Middle East and Asia-Pacific), as well as Huobi's management and financing strategies, according to TC Japan. In correspondence with the TC, Huobi CEO Leon Li said that the resignation of Lee OKEx and move to Huobi were agreed at the same time;
OKEx has recently overcome the rival crypto exchanges Binance and Huobi to become the world's largest encryption exchange by transaction volume, with a 24-hour volume of $ 1.7 billion at the close of this edition. Huobi is currently in third place, see trade volumes of around $ 1.1 mln during the same period.
The new wave of OKEx to the top last week attracted some skepticism from the crypto commentators, in light of the fact that OkCoin was embroiled in a scandal for allegedly faking its trading volumes back in 2015.
Two major encryption exchanges in the world are born in Hong Kong, but both have opted for the presence of multiple countries. In March, Binance moved its headquarters to the so-called 'Blockchain Island' of Malta, with its regulatory climate of solid and transparent encryption, and OKEx did the same last month.
Huboi, based in Singapore, has recently launched a South Korean subsidiary, as well as revealing plans to open an office in London. There was CEO Leon Li to Japan TC that the exchange employed a little 10 people at the time of its launch in 2013, with its workforce now at almost 1000.