Andy Cheung, the Chief operating officer (COO) of the largest crypto exchange OKEx has resigned the exchange to start his own blockchain consulting firm. Per the announcement, the new venture is known as “BitWork” which aims to drive “the mass adoption of cryptocurrencies”.
OKEx’s COO Resigns
Cheung served OKEx since 2017 and concerning his new venture, he said;
“My goal is to drive mass cryptocurrency adoption. But my contribution can be very limited in a cryptocurrency exchange. I decided, and we agreed amicably, that I can better achieve my goals with a new venture,”
Interestingly, a similar effect can be seen in Cheung’s Twitter bio which reads “cofounder and CEO at BitWork, Former COO at OKEx”. However, he also thanked OKEx in his most recent tweet and appears as equally excited to begin his new journey ahead;
It’s sad to leave the world’s largest crypto exchange. It really has been a pleasure in so many ways, and a wonderful learning experience. Thank you OKEx! Ready to begin my new journey ahead
As part of OKEx, it isn’t yet clear who will or has replaced Cheung’s position. However, for Cheung, the key priority is to resolve several questions he gets asked from blockchain projects such as “How to improve the quality of a project?”, “What do the markets need?” – and unlike. Cheung is building the one-stop solution to help these projects get exposure. He went on to say that BitWork will enable projects to connect with different markets and bring mass crypto adoption. As such, BitWork launched and operates in Hong Kong with key services including, advisory, branding, fundraising, marketing, and event management services to crypto and blockchain projects.
Before OKEx, Cheung worked across various industries and has been a seasoned entrepreneur. More so, Cheung has been named among the top crypto influencers announced by crypto media including CryptoSlate, Block Journal, CoinTelegraph and Bitcoin Insider.