The crypto exchange appoints former Binance executive Hon Ng as Chief Legal Officer.
In the meantime, Bitget Wallet reaches 30 million users, surpassing MetaMask in July downloads.
Cryptocurrency
exchange Bitget has announced the appointment of Hon Ng as its new Chief Legal
Officer (CLO). The move comes as the company seeks to strengthen its regulatory
compliance and global expansion efforts.
Bitget Bolsters Legal Team
Ng, a
seasoned legal professional with over two decades of experience, joins Bitget
from Binance, where he served as General Counsel and Head of Government Affairs
& Policy. During his tenure at Binance, Ng played a crucial role in the
company's licensing efforts and compliance enhancements, as well as its
interactions with global regulators.
In his new
role, Ng will focus on similar tasks, overseeing Bitget's global regulatory
compliance, engaging in dialogues with regulators, and spearheading the
company's efforts to obtain licenses in new markets. His appointment comes at a
critical time for the cryptocurrency industry, which faces increasing
regulatory scrutiny worldwide.
“Hon
Ng's extensive experience in digital and Web3-related legal and compliance
affairs, combined with his track record of solving complex corporate-level
issues, makes him the ideal candidate for this position,” Gracy Chen, CEO of
Bitget, commented on the appointment.
Ng's career
includes overseeing a $500 million acquisition of a strategic stake in X
(formerly Twitter) in consortium with Elon Musk, and managing multiple
regulatory investigations in the crypto space. He has also been recognized by
the Financial Times as one of the World's Top 20 Legal Leaders.
“This
is an exciting opportunity for me to be working with incredibly talented people
and to continue to be able to enhance the industry’s culture of compliance,
working side-by-side with regulators, in order to contribute meaningfully to
the sustainability of the digital assets ecosystem,” Ng added.
Bitget Wallet More Popular
than MetaMask
In related
news, Bitget Wallet, the company's Web3 wallet division, has reached a
significant milestone of 30 million users. The wallet has experienced visible
growth, surpassing MetaMask in global app downloads for July 2024, “with total downloads on Apple's App Store and the Android Google Play
Store hitting 1.7 million in a month, showcasing a 140% rise from its previous
month,” the company commented in a separate press release.
The wallet has gained
significant traction in Japan, where it saw a 34% rise in new user
registrations. Data from data.ai indicates that the Bitget Wallet ranks as the
second most popular Web3 wallet in Japan, trailing only behind MetaMask.
Despite not being the
biggest cryptocurrency exchange by total volume, Bitget ended the quarter on a
positive note. During the period from April to June, it was the third highest
in terms of net capital inflow and demonstrated the most substantial growth in
market share among its peers. The platform witnessed $700 million in investor
inflows in the second quarter, with a nearly 50% increase in overall platform
activity.
Cryptocurrency
exchange Bitget has announced the appointment of Hon Ng as its new Chief Legal
Officer (CLO). The move comes as the company seeks to strengthen its regulatory
compliance and global expansion efforts.
Bitget Bolsters Legal Team
Ng, a
seasoned legal professional with over two decades of experience, joins Bitget
from Binance, where he served as General Counsel and Head of Government Affairs
& Policy. During his tenure at Binance, Ng played a crucial role in the
company's licensing efforts and compliance enhancements, as well as its
interactions with global regulators.
In his new
role, Ng will focus on similar tasks, overseeing Bitget's global regulatory
compliance, engaging in dialogues with regulators, and spearheading the
company's efforts to obtain licenses in new markets. His appointment comes at a
critical time for the cryptocurrency industry, which faces increasing
regulatory scrutiny worldwide.
“Hon
Ng's extensive experience in digital and Web3-related legal and compliance
affairs, combined with his track record of solving complex corporate-level
issues, makes him the ideal candidate for this position,” Gracy Chen, CEO of
Bitget, commented on the appointment.
Ng's career
includes overseeing a $500 million acquisition of a strategic stake in X
(formerly Twitter) in consortium with Elon Musk, and managing multiple
regulatory investigations in the crypto space. He has also been recognized by
the Financial Times as one of the World's Top 20 Legal Leaders.
“This
is an exciting opportunity for me to be working with incredibly talented people
and to continue to be able to enhance the industry’s culture of compliance,
working side-by-side with regulators, in order to contribute meaningfully to
the sustainability of the digital assets ecosystem,” Ng added.
Bitget Wallet More Popular
than MetaMask
In related
news, Bitget Wallet, the company's Web3 wallet division, has reached a
significant milestone of 30 million users. The wallet has experienced visible
growth, surpassing MetaMask in global app downloads for July 2024, “with total downloads on Apple's App Store and the Android Google Play
Store hitting 1.7 million in a month, showcasing a 140% rise from its previous
month,” the company commented in a separate press release.
The wallet has gained
significant traction in Japan, where it saw a 34% rise in new user
registrations. Data from data.ai indicates that the Bitget Wallet ranks as the
second most popular Web3 wallet in Japan, trailing only behind MetaMask.
Despite not being the
biggest cryptocurrency exchange by total volume, Bitget ended the quarter on a
positive note. During the period from April to June, it was the third highest
in terms of net capital inflow and demonstrated the most substantial growth in
market share among its peers. The platform witnessed $700 million in investor
inflows in the second quarter, with a nearly 50% increase in overall platform
activity.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Infinox Reappoints Lee Holmes to Executive Management
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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