SAN FRANCISCO, Aug. 30, 2019 /PRNewswire-PRWeb/ — OKCoin (http://www.okcoin.com), a leading fiat-focused digital asset exchange, together with OK Group, announced today the addition of Hong Fang as Chairman of OKCoin and Chief Operating Officer of OK Group. The former Goldman Sachs banker, an early investor in OKCoin and a long-time advisor, is being brought on board to drive global expansion for OKCoin during the company’s rapid international growth, as well as to oversee operations of OK Group and its various crypto-related business lines. Ms. Fang will be based in OKCoin’s global headquarters in San Francisco.
“I fundamentally believe that blockchain and cryptocurrencies will change the global economy in a profound way that none of us are yet to fully envision. I also believe that OK Group and OKCoin are playing crucial roles in this revolution. Such underlying conviction was why I led investment in OK Group in the first place even before Bitcoin’s 2017 historic run,” said Hong Fang, Chairman of OKCoin. “Having served on OK Group’s Board of Directors over the last three years, I continue to believe that OK Group and OKCoin are well-positioned as an industry-defining force in the global crypto cause. As a global fiat-crypto exchange, OKCoin provides a secure, compliant and accessible platform for people around the world to buy, sell or hold crypto. In addition to running our core crypto trading platform, OK Group is also driving innovation in a number of ways to help build an infrastructure so that the crypto economy can take off on a larger scale sometime in the future. I am incredibly thrilled to have the opportunity to switch to an operational role and contribute to this mission in a more substantial manner.”
Before joining OKCoin, Hong most recently served as Head of Investment & Strategy at Giant Network, a Chinese developer and operator of massively multiplayer online (MMO) games, where she led investments in strategic growth areas and has included several emerging tech disruptors in her investment portfolio including OK Group. Before that, Hong spent eight years at Goldman Sachs in its New York headquarters and west coast office, where she focused on M&A, capital markets, investment, restructuring and various other corporate development activities for both traditional financial institutions and fintech companies. She is a graduate of Peking University in Beijing, China, and has her MBA in Finance, Accounting and Entrepreneurship from the University of Chicago’s Booth School of Business.
“We are incredibly excited to have someone of Hong’s caliber and integrity join both OKCoin and OK Group,” said Star Xu, Founder of OKCoin. “She brings an international perspective that will be crucial as we pursue our vision of creating a truly global platform; her deep understanding of both the traditional financial industry and disruptive fintech players mirrors the very nature of our business; and her broad experience and excellent leadership skills will prove invaluable to our growth. We are bringing rapid innovation to the cryptocurrency community and to traders throughout the world, and Hong is exactly the right person to help drive this innovation forward.”
As COO of OK Group, Hong will oversee operations for all of the group’s business lines, including OKCoin; OKLink (a technology service provider that provides blockchain information and data services with blockchain and big data technology); OK Capital (OK’s investment arm focused on the blockchain industry); B-Labs (a blockchain incubator program for early-stage blockchain companies); OK Engineering Academy (an OK-backed open-source developer community working on DEX and other relevant blockchain technologies); and more.
OKCoin is one of the largest and most trusted fiat-to-crypto trading platforms in the world. Founded in 2013, OKCoin offers cutting-edge features for professional, high-volume traders and crypto beginners alike, enabling users in 184 countries worldwide to easily, quickly and securely exchange US dollars and the euro for Bitcoin, Tethers, USDK, Bitcoin Cash, Ethereum, Ethereum Classic, Decred, EOS, Litecoin, XRP, Cardano, 0x, Stellar, Zcash, TRX, and other digital assets. As a registered Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) and a Virtual Financial Asset Act (VFAA) exchange with a transitory provision permissioned by the Malta Financial Services Authority, OKCoin is on a mission to make digital assets accessible to the world while complying with the highest of regulatory standards. For more information, visit http://www.okcoin.com.
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Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. OKCoin or OK Group does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will OKCoin or OK Group and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
SOURCE OK Group