Huobi Hires Former CEO of Rival OKEx, Chris Lee

Article by · May 21, 2018 ·

Cryptocurrency exchange Huobi has hired the former CEO of rival exchange OKEx to occupy the vice president of global development post. This announcement came just a few days after the former CEO announced that he was leaving OKEx so that he could have more time with his family.

The announcement was made earlier today by Huobi, with the exchange explaining that Chris Lee would lead their international strategy section as the Singapore-based exchange looks to enter into new markets. Lee himself confirmed this latest development on his Twitter handle, revealing that he is optimistic that Huobi will become the largest exchange in the cryptocurrency trading industry.

He tweeted that “I’ve officially joined Huobi group as secretary of the board of Directors & Vice president of International business development. With a combination of #Huobi expertise with industry-leading marketing & operational abilities, we WILL be biggest in the entire industry! @Huobi_Pro”

This latest development comes just a week after he resigned from his post as the CEO of Hong Kong-based exchange OKEx, claiming that he hopes to take a “short break” to spend time with his family.

Announcing his decision to leave OKEx last week, Lee tweeted that “Dear all, Effective immediately, I resigned as Chief Executive Officer of OKEX and Chief Financial Officer of OKC Group. I will take a short break, spend time with my family, and then back to the blockchain community. Stay tuned and see you soon. Blessing, @ChrisLEE_Crypto”

Days before his resignation, Lee posted on his WeChat account that he is getting tired with disagreement with Xu Mingxing, the founder of OKCoin.

According to his statement reported by regional news outlet 8btc, Lee wrote on his WeChat account that “Xu is a tech guy who lacks communication skills, a problem many geniuses have to face. He heads the team alone and is not used to handing over some work to and trusting others. He works really hard but is not easy to get along with. But I’m only responsible for OKEx’s overseas business and I’m an idealist.”

This latest development is a very big one considering the fact that OKEx and Huobi are amongst the most popular cryptocurrency trading exchanges in the world, with the two rivals in the Asian market.

The founder of Huobi while welcoming Lee to his team noted that he didn’t approach Lee until he heard that he had formally resigned from OKEx, with the pair coming to a quick agreement and Lee joining the Huobi team.


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