Global digital asset exchange OKCoin, along with OK Group, announced on Friday its CEO Tim Byun has been appointed as Global Government Relations Officer (GGRO) of OKGroup. The OKCoin Board has appointed the company’s current Chairman, Hong Fang, to the position of CEO, effective March 31st.
According to OKCoin, Byun was instrumental in forming OKCoin’s US entity and opening the company’s first US Office in Mountain View, California. He also oversaw the opening of OKCoin’s US Headquarters overlooking the San Francisco Bay in June 2018 and spearheaded the research into the company’s European expansion in early 2018, resulting in opening its Malta Office as well as launching its Euro-book in October 2018.
In his new role, Byun will be focusing on continued geographic expansion and maintaining constant dialogues with governments and regulators worldwide on behalf of OKCoin and OKGroup. Speaking about the position, Byun stated:
“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.”
Fang joined as OK Group COO and OKCoin Chairman in July 2019 and 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. Fang went on to add:
“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. 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.”