AINEX Virtual Asset Exchange Appoints Choi Jae-won, Former Bithumb CEO, as Inside Director

Infinity Exchange Korea (INEX Exchange, CEO Lee Jae-gang), which is preparing a new virtual asset exchange, announced on the 5th that it has appointed Choi Jae-won, former CEO of Bithumb Korea, as an internal director.

Director Choi Jae-won will lead the overall management of INEX Exchange through his roles as Chief Financial Officer (CFO) and Head of the Management Support Division. Choi graduated from Hanyang University with a degree in Business Administration and is a financial expert who has gained extensive experience in finance and financial sectors at Hanyoung Accounting Corporation and the British investment bank Barclays Bank/Securities. Since 2018, he has joined Bithumb Korea, a leading domestic virtual asset exchange, serving as CFO and CEO, possessing a unique career that combines experience in both traditional financial markets and emerging digital financial markets.

Lee Jae-gang, CEO of Infinity Exchange Korea, stated, “In line with industry trends preparing for a more mature regulatory environment, such as the enactment of the Virtual Asset User Protection Act and overseas market approvals of virtual asset ETFs, the recruitment of Director Choi Jae-won, who has abundant experience in the existing virtual asset market as well as profound knowledge and know-how in the traditional financial industry, enables us to prepare for a more systematic and stable market entry.”

Meanwhile, Infinity Exchange Korea began by obtaining the ISMS preliminary certification in September last year, proceeded with the virtual asset service provider (VASP) registration in December, completed preparations for the Virtual Asset User Protection Act to launch beta services, and is currently awaiting the approval of the virtual asset service provider registration from the Korea Financial Intelligence Unit (KoFIU). The company is establishing its business plan based on compliance management as a core value in response to the increasingly strengthened regulatory environment, and attention is focused on what vitality it can bring to the future virtual asset market, which is expected to undergo a restructuring process among service providers.