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BitMEX COO Angelina Kwan departs less than a year after joining

BitMEX has lost compliance veteran and COO Angelina Kwan following a recent CFTC probe into US traders on the platform

BitMEX chief operating officer Angelina Kwan is currently on “gardening leave” as she plans to part ways with the crypto derivatives exchange.

Kwan was formerly a compliance officer at the Hong Kong-based exchange and has eight years’ experience with the Securities and Futures Commission of Hong Kong (SFC).

Upon joining BitMEX under a year ago, the firm’s CEO Arthur Hayes said: “Welcoming Angelina to the BitMEX team is a significant milestone not just for our company, but for the cryptocurrency industry as a whole. I believe Angelina’s decision to join us is a signal that the global markets are shifting focus to the rapidly-expanding domain of crypto coins.”

Kwan’s decision to leave BitMEX comes after a CFTC probe into whether BitMEX has allowed US investors to trade crypto on the platform in breach of US regulations.

BitMEX has also come under fire from the UK’s advertising regulator, the Advertising Standards Authority (ASA), who stated that the exchange breached advertising standards regarding its sponsored cover on popular newspaper The Times for Bitcoin’s 10th birthday.

Despite the controversy, the Hong Kong-based exchange remains top of the pile in terms of daily trade volume, regularly exceeding $2.5 billion per day in volume.

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