OKEx COO Joins Bitwork to Pay Attention to Mass Adoption
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OKEx COO Joins Bitwork to Pay Attention to Mass Adoption

January 9, 2020      Zain Raza

On Jan 7, OKEx chief operating officer, Andy Cheung announced his departure from the cryptocurrency exchange in order to launch a new blockchain consultancy institute called Bitwork. The entrepreneur’s primary ambition is to bring more people on board and help enhance the project market connections and inter-relations. The latest development has come days after OKEx CEO Jay Hao had lent support to Australian fire victims.

Creating Quality Projects

Cheung asserted that being restricted to his position in exchange for his endeavours is minuscule towards the mass adoption of cryptocurrency. Ergo, with OKEx approval and blessings, he left for pastures new to achieve his dreams with the new venture. The main motivating factor behind his decision to work  for Bitwork comes from his role at OkEx :
“The question I was always asked in OKEx was: How can my project get listed on your exchange?… we always tell the teams that project quality is the key… But how to improve the quality of a project? What do the markets need?”
Bitwork’s aim is to aid in providing solutions to these queries, via exchange partnership, advisory, marketing management, branding and public relations, fundraising and event management services.

Exchange listings  vital according to  the ex OKEx man

The announcement reads that Hong Kong start-up ” is formed by a team of experienced blockchain experts from various cryptocurrency exchanges.” It would most definitely be an alluring and a major driving factor. It’s conspicuous that being on the exchange list plays a humongous and captivating part in the success of a project. Plenty of people have always been willing to offer substantial amounts to confirm visibility at the top of the exchanges. For instance, Blockstack paid $250,0000 to make its way on Binance for an annual period and will continue to put in $1.1 million in fees over the duration of a four year period.
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Zain Raza
Zain Raza

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.