CoinGecko, one of the most trusted providers of crypto data in the world, announces a strategic leadership change.
CoinGecko transitions from a founder-led startup to a well-established and globally recognized crypto infrastructure company.
The changes are designed to scale enterprise services and bolster and strengthen technical operations.
The new leadership appointments are Bobby Ong – Chief Executive Officer, co-founder, TM Lee – President, Cedric Chan – Chief Technology Officer, and Xingyi Ho – Head of Product.
This marks one of the most essential milestones in CoinGecko’s journey of growth as it doubles down on being innovation-focused, reliable, and providing high-quality data for millions of users worldwide.
Bobby Ong Steps Into CEO Role, TM Lee Transitions to President
Bobby Ong, previous chief operational officer at CoinGecko, has been appointed chief executive officer (CEO) and has resigned as chief officer, as co-founder TM Lee stepped down.
He has also helped build the company’s business model and strategy over the last 10 years and has played an invaluable role in assisting CoinGecko to become the platform for millions of daily users and institutional partners.
In his announcement, Ong stated that the two founding values of transparency and user-first culture are what motivated CoinGecko to be started, and he intends to continue them in his new role.
TM Lee will transition to President, where he will oversee long-term product vision and lead zero-to-one research and development to ensure CoinGecko maintains its position as the leader in crypto market intelligence.
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Cedric Chan Appointed CTO to Strengthen Technical Infrastructure
CoinGecko also confirmed Cedric Chan has been promoted to chief technology officer (CTO).
Chan joined the company in 2021 as head of engineering. He has developed CoinGecko’s security, compliance, and trust, and over the last year, the platform has processed over 677 billion API requests.
His improvements have delivered enterprise-level performance with a 99.95% uptime SLA and improvements to recovery time.
As CTO, Chan will be responsible for the development of new scalable data systems, building partnerships, and maximizing the integration of AI to keep up with the increasing demand for real-time crypto data across industries.
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Xingyi Ho Takes Over as Head of Product
Along with the change in leadership, CoinGecko has promoted Xingyi Ho to Head of Product, moving him from his past role as Head of Growth.
Since Ho joined in 2022, he established the growth functions, which included product analytics, growth marketing, and SEO, and grew the platform’s reach rapidly.
He will now help position CoinGecko’s strategy in a way that keeps developing based on user needs, and continue to provide innovation in a fast-changing area.
The appointment highlights the company’s efforts to increase and expand its developer ecosystem while continuing to be the most complete crypto data in the world.
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Leadership Changes Reflect Broader Industry Trends
CoinGecko’s leadership change reflects larger changes occurring in the crypto space, with experienced leaders stepping in, in some cases, to bring about renewed growth and creativity.
Late last year, UnoCrypto reported that Copper named former Goldman Sachs managing director Amar Kuchinad as its new CEO to take the company to the U.S. market.
Notably, earlier this year, we also reported that Ethereum-based NFT brand Doodles named artist Scott Martin, also known as Burnt Toast, as its new CEO, signalling a need to revisit creative authenticity.
These announcements show the increasing visibility of institutional leadership for crypto firms to navigate changes that regulate the institutionalization of decentralized innovations into adoption.
CoinGecko’s appointed positions will set them up to navigate these changes and continue to be a pillar of the crypto economy worldwide.
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