BitMEX's COO is leaving the company

Exchanges • September 9, 2019, 10:26AM EDT
UPDATED: September 9, 2019, 10:26PM EDT
The Block

Angelina Kwan, BitMEX's Chief Operating Officer, has resigned,  a BitMEX spokesperson confirmed to The Block.

“We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we can say on the matter at the moment, but we wish Angelina all the best," according to the spokesperson.

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Kwan was formerly the managing director and head of regulatory compliance for the Hong Kong Exchange and Clearing. She joined BitMEX in October 2018. When she joined, Kwan said in an interview that she would be "responsible for overseeing and driving the company’s growth" and will guide BitMEX on its mission to offer advanced, innovative financial products for the global cryptocurrency industry.”

More recently, BitMEX has had run-ins with U.S. regulatory agencies. In July, Bloomberg reported that the CFTC was investigating the exchange to determine whether it broke rules by allowing U.S traders onto its platform.

It unclear who will replace Kwan as BitMEX's COO.

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi