OKEx Chief Executive Resigns Amid Cryptocurrency Trading Boom, International Expansion

The CEO of one the world's biggest cryptographic money trades has given it up.

Chris Lee, the head of OKEx, has surrendered from the Hong Kong-based trade similarly as it was executing significant universal development designs and was on track to end up the most generally utilized cryptographic money exchanging stage.

OKEx did not promptly react to a demand for input, but rather the organization told Bloomberg in an announcement that Lee had left for individual reasons, including the want to "begin another life."

A representative for Lee further advised the distribution that he planned to take a break from his expert life to invest more energy with his family, after which he would come back to the blockchain group.

It had been "the best delight and a respect" to lead OKEx, he said.

Lee's photo and life story are never again included on the association's site, and the organization has not yet reported who will supplant him as CEO.

OKEx — which worked under the name OKCoin when it was open in territory China — has for quite some time been one of the world's most famous cryptographic money trades, and in the course of recent weeks it has outperformed Binance in day by day exchanging volume to wind up the biggest digital money exchanging stage.

In the course of recent hours, OKEx has prepared $2.1 billion worth of exchanges, while Binance has encouraged $1.9 billion in volume, as indicated by self-detailed information accumulated by CoinMarketCap.

Like Binance, which additionally has a noteworthy nearness in Hong Kong, OKEx has started a noteworthy venture into the island country of Malta, which has situated itself as a low-control safe house for significant digital currency firms.

OKEx has additionally as of late discharged its own particular utility token, and the firm has declared plans to manufacture an open blockchain for the token as a feature of its push to dispatch an undeniable decentralized cryptographic money trade (DEX).