OKCoin Crypto Exchange Appoints Hong Fang As CEO For US Expansion

OKCoin made an announcement regarding its senior management. Hong Fang, having served as the company’s Chief Operating Officer (COO), will replace Tim Byon as the Chief Executive Officer (CEO) as of the 31st of March. Through this, she will spearhead the company’s efforts to develop the firm’s crypto trading products within more states of the US, with the focus being put on Europe and Asia as well.

Repositioning To Appropriate Positions

Byun will, in turn, take the mantle of Global Government Relations Officer, or GGRO, for the OK Group, the parent company of the OKCoin exchange. From there, Byun will prioritize global growth and communications maintenance when it comes to the world’s regulators and governments.

Before Byun was part of the OK Group, he served as the Chief Compliance Officer (CCO) for BitPay. Prior to this, he served as the Anti-Money Laundering (AML) Officer, as well as the Head of Credit Settlement Risk at Visa. He served Visa for more than five years, according to the LinkedIn Profile he has.

Leveraging Personal Skillsets

A spokesperson sent from the OK Group explained that Tim Byun is one of the foremost experts when it comes to crypto industry regulation. Thus, the spokesperson stated he would take on the GGRO role as he is most suited for it. The spokesperson explained that he would be better capable of leveraging his expertise across all business units within his new position in the Group.

The OK Group was initially founded within China, holding a range of blockchain and crypto business. These include enterprise blockchain, mining businesses, as well as trading firms. The OK Group had started to shift more to blockchain technology instead of crypto within China’s borders. This is primarily due to China’s government issuing a ban on crypto trading back in 2017.

Moving UP In The World

Fang had joined the company back in September of last year. There, she had recently led the investment portfolios and overall growth strategy within the Giant Network, a gaming company within China.

Prior to her service with the OK Group, Fang had served for eight years at Goldman Sachs, where she primarily focused on acquisitions and mergers. She had a hand in restructuring and capital markets as well, with her position being based within New York. The firm had initially been launched its trading services within the US back in 2018.