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Bitmex Appoints Previous Bank of China’s CCO as a Non-Executive Board Director

February 3, 2021

Reading Time: 2 minutes

Bitmex has  appointed the former CCO for China’s bank as their new non-executive board member.

Wai Kin Chim, the new appointee, began working in the company on 1st February. Under Kin Chim’s leadership, the company plans to enhance its plans of transforming the modern digital financial system into one that includes virtual assets in its ecosystem.
Before his appointed role, Kin Chim has worked in high-end institutions such as the Bank of China, Deutsche Bank, and Standard Chartered Bank.

Throughout these institutions, he has mastered exceptional skills in international banking, risk management, and compliance. These amassed skills make him apt for performance in his new role at Bitmex.
David Wong, acting chairman of Bitmex/100X, praises Kin Chim for his strategic risk management contributions. He is confident with positioning Kin at 100X for future growth and expansion.

Wai Kin Chim’s appointment comes after the company recently appointed Alexander Höptner as its new Chief Executive Officer. Alexander served previously at the Börse Stuttgart exchange in Germany. Throughout his tenure there, the exchange grew into one of the most popular in digital asset trading. These two executives come timely as Bitmex enters its new phase of development

Bitmex Development Journey

Bitmex is a successful cryptocurrency exchange and derivative trading platform owned by HDR Global. The exchange’s growth trajectory has kept on improving to a trading volume of USD 3,748,243,101 today.
In January, the company completed its user identification program and reached a fully verified user base just within the month. This means that in just a month-time, the exchange implemented KYC and similar policies and still managed to have all trading users verified within the month.

100X has rigorously been working on its regulation and compliance requirements amidst its pending lawsuit on regulations by the US Security Regulators. Having onboard an experienced executive responsible for policymaking might do the trick for Bitmex.

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