BitMEX, which is one of the biggest cryptocurrency business path, has selected to Angelina Kwan, who was former managing director and head of regulatory compliance for Hong Kong trading and Clearing Limited (HKEX), as its chief operating officer. Kwan, who has become an essential part of the company as it manages predicted growth, has announced to work with regulators worldwide to build laws that will help cryptocurrency’s to keep growing.
24 Years of Leadership Experience:
Kwan, who will be settled in Hong Kong, briefed that she has firm faith on her experience by working with regulators world widely, this experience will support her in building a “constructive dialogue” with regulators, she mentioned to the “South China Morning Post”.
China and South Korea restricted previous year on selling digital coin while other markets such as Hong Kong did not fully promulgated laws for the cryptocurrency. Last month Norman Chan Tak-lam expressed cryptocurrency transaction which carries high risk while the city’s investment regulator, the Securities and Futures Commission of Hong Kong, has alarmed about fraud and manipulation in the cryptocurrency market.
“I believe Angelina’s decision to join us is a signal that the global markets are shifting focus to the rapidly-expanding domain of crypto-coins,” said Arthur Hayes, BitMEX CEO and co-founder. “Angelina’s vast experience in regulation, trading platforms, business development, restructuring, and investor and stakeholder relations will be pivotal as we continue the push towards mainstream cryptocurrency adoption and broaden our community,” Hayes said more, Kwan brings vast experience in both regulation and traditional finance.
Kwan, who served for eight years for Hong Kong Securities and Futures Commission, notices more than 24 years experience in leadership circles of financial products in Asia and the United States. She worked at world financial services firms by covering retail securities exchanging and asset management.
“My most memorable accomplishments — from successfully restructuring and relisting a bankrupt financial services company, spearheading the establishment of new operations or companies, to serving on a number of boards and committees — have been joining organizations that are at the cusp of making a major breakthrough, so it’s with a sense of great excitement that I take on the challenge of driving BitMEX to new market heights,” Kwan said. “In addition to being a true market leader among trading platforms, BitMEX shares my value of gender inclusion, particularly in STEM fields. Cryptocurrency markets present an exciting new opportunity for women to get involved in the intersection of finance and technology, two fields in which they are chronically under-represented”.
BitMEX Increases Growth:
The Third quarter of 2018, BitMEX damaged the industry, at the same time bitcoin exchange volume on two different events was recorded of 24 hours.
Now, BitMEX dominated Cheung Kong Center’s 45th floor, which is one of the most costly office in the world, with an average per-square-foot rent of $28.66, which has been noticed more than nine times that of the $3.18 the company was bearing at its previous headquarters in Hong Kong’s Victoria Harbor, a warehouse district. The company’s expansion ideas happened to be basic reason to require the entire floor, rather than the half-floor it had generally planned to seize.
Mark Peter is a full-time member of the reporting team at Bitconews. He is a finance major with one five of writing experience. He has not held any value in Bitcoin or other currencies. He joins Bitconews as a freelance journalist, blogger and forex trader.
Get real time update about this post categories directly on your device, subscribe now.