OKEx’s resigned CEO transfers to rival exchange

Last week, we reported that CEO Chris Lee resigned shortly after making OKEx the world’s largest cryptocurrency exchange by volume.. Lee did not elaborate on his resignation, but in a separate statement released by his spokesperson, it was noted that it was a great pleasure and honor for him to work at OKEx, and that he would return to the Blockchain community after a short break to spend time with his family.

Today According to the announcement, Lee has joined OKEx’s competitor Huobi as vice president of global business development.

Lee said, “I strongly believe in blockchain technology and see exchanges as the heart of the industry.. I did my best for my former employer. The first generation of OKCoin’s international and management teams has left the company. How many of the second generation are left? And how many CTOs are left in the last 3-4 years?” He noted the pace of change at the company’s top executives over the past few years.

Lee’s resignation came in the wake of accusations that OKEx had manipulated the trading of Bitcoin futures contracts on the platform.

Huobi is the 3rd largest in the world by volume data. in cryptocurrency exchange. OKEx and Binance share the first and second places respectively.. There is intense competition between these three.

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