The Seychelles-based crypto exchange KuCoin today announced the establishment of KuGroup, appointing CEO Michael Gan as Chairman of KuGroup and co-founder Johnny Lyu as CEO of KuCoin Global.

According to an announcement from KuCoin, the newly established KuGroup consists of three business groups: KuCoin Global, KuCloud, and KuChain & KCS Ecosystem.

With their new roles, Michael Gan will oversee the global strategy of KuCoin Global and put more efforts on exploring the boundaries of blockchain technology with KuChain, a public blockchain powered by KuCoin, and how to integrate the group’s businesses with the KCS ecosystem. Johnny Lyu will be mainly responsible for the day-to-day operations of KuCoin, KuMEX, Pool-X, as well as the expansion and prosperity of the KCS ecosystem.

Johnny Lyu commented, “KuCoin has proved its value in the crypto space by offering easy-to-use, secured and efficient financial services to users internationally. Over 65 billion transaction volume has been handled so far and we will continue our journey to make KuCoin the best place to trade. Please stay tuned for more updates regarding KuCoin, KuMEX, Pool-X, KCS, and KuChain that will be announced in the next few weeks.”

Before joining KuCoin as co-founder, Johnny Lyu has accumulated abundant experience in the e-commerce, auto, and luxury industry. At KuCoin, Johnny used to lead the listing, business development and strategic investment team, and he is also the main contributor behind Spotlight, Pool-X, and KuCloud.

Started in September 2017, KuCoin now offers a variety of crypto and blockchain businesses including spot & futures trading, mining and lending.