Crypto Exchange KuCoin Appopints Co-Founder Johnny Lyu As KuCoin Global CEObr>
Crypto exchange KuCoin has appointed CEO Michael Gan as Chairman of the newly established KuGroup. The crypto exchange also appointed co-founder Johnny Lyu as CEO of KuCoin Global.
KuCoin started trading in September 2017 following an initial coin offering (ICO) that raised 5,500 bitcoin, then worth around $27.5 million. Currently, the exchange provides a series of financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users across 207 countries and regions around the world.
In a press release, the KuCoin management team said that they decided to adjust the company structure and establish KuGroup, which consists of three business groups, namely KuCoin Global, KuCloud, and the KuChain & KCS Business Group, in order to expand KuCoin’s services and ecosystem.
Gan, former Technical Expert of Alibaba’s Ant Financial, will lead the KuGroup and will oversee the global strategy of KuCoin Global. He will also put more efforts on exploring the boundaries of blockchain technology with KuChain, a Public Chain powered by KuCoin, and how to integrate the group’s businesses with the KCS ecosystem.
“When I was still at Alibaba, I had worked in the AI department of Ant Financial and observed how this cutting-edge technology has been applied to various industries,” said Gan. “As a growing number of countries such as India, Korea, and France open its door to blockchain and crypto, the mass adoption will be inevitable and KuChain as well as its ecosystem will largely contribute to this trend.”
As the new CEO of KuCoin Global, Lyu will be mainly responsible for the day-to-day operations of KuCoin, KuMEX, Pool-X, as well as the expansion and prosperity of the KCS ecosystem. Before joining KuCoin as co-founder, Lyu has accumulated abundant experience in the e-commerce, auto, and luxury industry. At KuCoin, he used to lead the listing, business development and strategic investment team, and he is also the main contributor behind Spotlight, Pool-X, and KuCloud.
“KuCoin has proved its value in the crypto space by offering easy-to-use, secured and efficient financial services to users internationally,” Lyu said. “Over 65 billion transaction volume has been handled so far and we will continue our journey to make KuCoin the best place to trade. Please stay tuned for more updates regarding KuCoin, KuMEX, Pool-X, KCS, and KuChain that will be announced in the next few weeks.”