BitMEX Taps Former Hong Kong Regulator as Chief Functioning Officer

bitmex cryptocurrency exchange

BitMEX, just one of the biggest cryptocurrency trading platforms, has named Angelina Kwan, formerly taking care of director and head of regulatory compliance for Hong Kong Exchanges and Clearing Constrained (HKEX), as its main functioning officer. Kwan, who joins the company as it rides fantastic growth, will operate with regulators globally to produce guidelines that will support cryptocurrency’s ongoing advancement.

24 Years of Management Experience

Kwan, who will be primarily based in Hong Kong, mentioned she hopes her encounter doing work with regulators around the world will enable her in acquiring a “constructive dialogue” with regulators, she instructed the South China Early morning Write-up.

China and South Korea previous year banned electronic coin income when other markets such as Hong Kong have not entirely controlled cryptocurrency. Norman Chan Tak-lam past thirty day period stated cryptocurrency trading carries higher threat whilst the city’s expense regulator, the Securities and Futures Commission of Hong Kong, has warned about fraud and manipulation in the cryptocurrency industry.

“I consider Angelina’s choice to be part of us is a signal that the world-wide markets are shifting aim to the quickly-expanding area of crypto-coins,” stated Arthur Hayes, BitMEX CEO and co-founder. “Angelina’s huge encounter in regulation, trading platforms, small business enhancement, restructuring, and trader and stakeholder relations will be pivotal as we go on the press towards mainstream cryptocurrency adoption and broaden our group.” Kwan brings large experience in the two regulation and common finance, Hayes additional.

hong kong
Hong Kong | Supply: Shutterstock

Kwan, who spent 8 several years at the Securities and Futures Commission of Hong Kong, delivers more than 24 years of practical experience in leadership roles for monetary products in Asia and the United States. She has labored at worldwide monetary products and services companies, covering retail securities investing and asset administration.

“My most memorable achievements — from successfully restructuring and relisting a bankrupt monetary providers business, spearheading the institution of new functions or corporations, to serving on a amount of boards and committees — have been signing up for companies that are at the cusp of generating a big breakthrough, so it’s with a sense of great excitement that I take on the obstacle of driving BitMEX to new market heights,” Kwan mentioned. “In addition to being a legitimate current market leader among the trading platforms, BitMEX shares my benefit of gender inclusion, notably in STEM fields. Cryptocurrency marketplaces existing an thrilling new option for women to get included in the intersection of finance and technologies, two fields in which they are chronically underneath-represented.”

BitMEX Rides Significant Advancement

In the third quarter of 2018 alone, BitMEX broke the market report for 24-hour bitcoin investing volume on two different instances.

BitMEX not too long ago occupied Cheung Kong Center’s 45th ground, a person of the most pricey offices in the environment, with an common per-square-foot rent of $28.66, which is a lot more than nine periods that of the $3.18 the business was shelling out at its former headquarters in Hong Kong’s Victoria Harbor, a warehouse district. The company’s expansion designs induced it to demand the total ground, fairly than the 50 %-floor it experienced initially supposed to occupy.

Images from Shutterstock

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