Singapore based Huobi Group, a crypto exchange and blockchain solutions provider, has appointed the former OKEx CEO, Chris Lee as Board Secretary and Vice President of Global Business Development. Lee will be leading Huobi Group’s global M&A strategy and oversee the development of international teams.
Leon Li, founder and CEO of Huobi Group, said his company was making major investments in the global blockchain and digital asset ecosystem. He said Lee’s ability will help them “capture this blue ocean opportunity.” Established in 2013, Huobi has operations across the entire Blockchain value chain including a reported cumulative trading volume US$850 billion.
Huobi says that in the last two quarters the scale of digital asset investment funds has increased drastically alongside new alliances in the global ecosystem that aims to promote the widespread adoption and integration of blockchain technology.
“Licenses and guidelines will lead to more product diversification and participation,” said Lee. “We will likely see growth in both utility and security tokens, digital asset-related financial derivatives, and the digitization of physical assets. These are all massive markets that we want to capture to maintain our first-mover advantage.”
Lee believes that in less than five years, sixty-percent of the total transaction volume in major international markets will be accounted for by just the three exchange groups from each market. Additionally, there will be an emergence of open and decentralized exchanges as blockchain and digital assets evolve.
“I am a big believer in blockchain technology and view exchanges as the heart of the industry,” added Lee. “Huobi Group has built a strong foundation, from the popularity of its exchange to the investments the company has made in the global blockchain ecosystem. The combination of the team’s technical expertise with industry-leading marketing and operational abilities positions it to become the Goldman Sachs of this new era in finance. If done properly, Huobi may even be bigger than Goldman one day.”