OKEx’s Andy Cheung: Bitcoin Derivatives, Self-Regulation, and Emerging Markets

In an exclusive interview, OKEx’s Andy Cheung talks derivatives, self-regulation, and emerging markets.

Looking back, 2019 seems to have been a watershed year for cryptocurrency exchanges. The explosion of the crypto derivatives market has put many of the bigger exchanges into a position of competing with regulated institutional offerings, such as Bakkt and CME. In previous years, exchanges appeared to be resisting the inevitable onset of regulatory compliance, whereas now, there’s increasing support for regulation. Furthermore, new ranking methodologies are helping to weed out shady practices like wash trading, providing further confidence in the future of the cryptocurrency markets.

OKEx is one example of an exchange at the forefront of this watershed. Crypto Briefing recently had the opportunity to catch up with Andy Cheung, Head of Operations at OKEx, for an insightful discussion about ongoing developments driving the agenda for cryptocurrency exchanges. Cheung has been in his role at OKEx since 2017, heading up the exchange’s operations, business development, marketing, and PR teams.

Unlike Binance, which was relatively late to the crypto derivatives party, OKEx was one of the earlier entrants. Having started out with Bitcoin futures two years ago, the exchange has been steadily ramping up it’s offerings in response to market demand. In November, it became the first exchange to offer USDT-margined futures trading, closely followed by an announcement of USDT perpetuals.

OKExs also confirmed that cryptocurrency-backed options contracts will be available on its platform from late December.

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