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Cryptocurrency Exchange Huobi Poaches CEO of Major Rival OKEx

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Former OKEx CEO Chris Lee joined Huobi as Vice President of Global Development a few days after declaring he was leaving his former employer to spend more time with her family.

Huobi made the announcement on Monday, saying in a statement that Lee would help lead the Singapore-based firm's international strategy as it seeks to expand into more markets. Lee confirmed the news on Twitter and said he believed Huobi would become the biggest purse of the emerging cryptocurrency trading industry.

The announcement comes just a week after Lee resigned from the OKEX stock exchange, based in Hong Kong, stating that he intended to make a "short break" to spend time with her family.

In a statement released on his WeChat account a few days after his resignation, Lee said that he was tired of running into Xu Mingxing, the founder of OKCoin.

"Xu is a technician who lacks communication skills, a problem that many geniuses have to face.He manages the team alone and does not have the habit of handing over work and to trust others, he works very hard, but it's not easy to live in. But I'm only responsible for OKEx business overseas and I'm an idealist, "Lee said. , according to a translation published in the 8btc regional information magazine.

Hiring is important because OKEx and Huobi are not only two of the world's most popular cryptocurrency trading platforms, but also direct rivals to the Asian market. At present, OKEx ranks as the world's largest cryptocurrency exchange with $ 1.8 billion in 24-hour transaction volume. Huobi ranks third – after Binance – with a daily volume of $ 1.1 billion.

Huobi founder, Li Lin, said in a welcome letter that he had not contacted Lee until he heard that he had formally resigned from his office. OKEx and the two had quickly accepted Lee in the lap of Huobi


As CCN reported, OKEx recently announced its intention to open an office in Malta, whose government is actively courting blockchain-type companies


Image from Shutterstock

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