Ex-CEO OKEx to Join Huobi

Chris Lee joined Huobi as a vice president of global business development
21 May 2018   647

Chris Lee, former CEO of one of the world's largest bitcoin exchanges OKEx, will continue his career as vice president of global business development at Huobi.

I've officially joined Huobi group as secretary of the board of Directors & Vice president of International business development

With e combination of Huobi expertise with industry leading marketing & operational abilities, we WILL be biggest in the entire industry!
 

Chris Lee (Twitter)

Ex-CEO OKEx, vice president of global business development at Huobi

Huobi said that Lee will lead the group responsible for the strategy of global mergers and acquisitions, and will also oversee the international development of the exchange.

The news that Lee will continue to work in Huobi came just a week after he left the post of CEO of OKEx. As the exchange said then, he took this step for personal reasons, including the desire to "start a new life."

As noted by CoinDesk, in a public recording in WeChat, Chris Lee stressed that over the past few years, OKCoin (the former name OKEx) has been replaced by a whole group of top managers.

For my former employer, I have done all I could ... The first generation of OKCoin's international and management teams have left. How many of the second generation are still there? And how many CTOs have left in the last three to four years?
 

Chris Lee

Ex-CEO OKEx, vice president of global business development at Huobi

Earlier, the OKEx based in mainland China, where it operated under the name OKCoin and was one of the most popular trading platforms in the world. Under pressure from the Chinese authorities, the exchange subsequently moved to Hong Kong and continued to operate under a new signboard. 

OKEx to Delist Bitcoin Gold Futures

As the reason for this decision, it is called the “insufficient liquidity” of this financial instrument 
21 January 2019   135

OKEx reported on the imminent delisting of all Bitcoin Gold (BTG) futures contracts, including weekly, two-week and quarterly contracts. As the reason for this decision, the exchange refers to the “insufficient liquidity” of the financial instrument.

All BTG futures contracts will be calculated on 9am, Jan 25, 2019 (CET, UTC+1) in accordance with the price fixed in the BTG / USD index on OKEx an hour before.

In addition, on January 30, all data on BTG futures trading will be deleted, and therefore the exchange recommends that users who may need this data download them in advance.

Bitcoin Gold separated from the main bitcoin blockchain in November 2017. Last May, the cryptocurrency network was attacked by 51%, during which 388,000 BTG (about $ 18 million) were stolen from several exchanges. Currently, Bitcoin Gold is the 27th largest cryptocurrency with a capitalization of $ 195 million.