Crypto Exchange OKCoin Appoints Hong Fang As CEO

Job Appointments | March 9, 2020 By:

Cryptocurrency exchange OKCoin has announced that CEO Tim Byun has been appointed as Global Government Relations Officer (GGRO) of OKGroup. Byun will be replaced by the company’s current Chairman, Hong Fang, effective March 31, 2020.

As OKCoin’s CEO, Byun helped the company form its US entity and open its first US Office in September 2017, in Mountain View, California. He also oversaw the opening of OKCoin’s US Headquarters overlooking the San Francisco Bay in June 2018. In early 2018, Byun spearheaded the research into the company’s European expansion resulting in opening its Malta Office and launching its Euro-book in October 2018.

As GGRO of OK Group, Byun will focus on continued geographic expansion and maintaining constant dialogues with governments and regulators worldwide on behalf of OKCoin and OKGroup.

“As we enter a new decade, the crypto industry will truly become more global and ubiquitous with the collaboration of governments, especially those that have evolved from a wait-and-see-approach to developing new regulatory frameworks, such as Singapore, Germany and France,” said Byun. “I’ve always believed that working transparently with governments and regulators is vital to helping OKCoin and the overall crypto ecosystem to grow in a safe and sound manner. This new appointment is an exciting challenge and a once-in-a-lifetime opportunity as our group continues to expand to new territories.”

Hong, who joined as OK Group COO and OKCoin Chairman in July 2019, is a former Goldman Sachs banker and a growth equity investor. She has played a pivotal role in establishing the San Francisco office as the Group’s international headquarters and growing a product-driven global platform, enabling the company to offer fiat-to-crypto trading services in more states in the US and expanding into new geographies.

“Since OKCoin was founded in 2013, we have been a firm believer in the power of an open financial system empowered by cryptocurrency and its underlying blockchain technology,” Hong said. “We want to make it easy and safe to buy and sell crypto assets with fiat anywhere in the world, because that is the very first step (and a fundamental component) to building an open and inclusive financial system. This goal has never changed for us. We are proud that we have always been standing at the forefront of a transformative industry. Now with our international headquarters in San Francisco, we look forward to working with a growing, mission-driven team, continuing to provide safe, secure and compliant fiat on-ramp to crypto assets to our customers worldwide and playing an active role in bringing cryptocurrency into the mainstream.”