Share this article

OKX’s Global Compliance Chief Left After Six Months

Patrick Donegan, whose LinkedIn profile says he managed a team of 300 people around the world, was at OKX from August 2023 to January 2024.

Updated May 29, 2024, 4:46 p.m. Published Mar 28, 2024, 3:56 p.m.
  • OKX's global chief compliance officer, Patrick Donegan, left in January after just six months in post.
  • Donegan, whose responsibilities included anti-money laundering, managed a team of 300.

The global chief compliance officer for OKX, Patrick Donegan, left his role at the second-largest cryptocurrency exchange after just six months in the job, according to his LinkedIn profile.

Donegan managed a team of 300 people around the world, joined OKX in August 2023 and left in January 2024, his profile states. He described himself as a regulatory specialist on AML with "skills in creating policies and procedures, meeting regulatory expectations while promoting business initiatives and establishing strong relationships with regulators."

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Donegan was previously chief compliance officer and senior vice president at the once crypto-friendly Signature Bank, where he has served for almost eight years.

Neither OKX nor Donegan responded to requests for comment.

Updated 3/29/2024 23:00 UTC to fix Donegan's official title. Updated 4/2/2024 15:00 UTC to make edits, remove reference to KuCoin, Binance.

Más para ti

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Lo que debes saber:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

Más para ti

Robinhood leaning into advanced traders as crypto volatility reshapes user behavior

Johann Kerbrat, GM of Robinhood Crypto (Shutterstock/CoinDesk)

The trading platform is increasingly catering to advanced crypto traders with tools tailored to active, tax-aware users, its head of crypto said.

Lo que debes saber:

  • Robinhood is increasingly targeting advanced crypto traders with new features like tax-lot selection and deeper liquidity access.
  • The platform, once known for attracting beginners, is seeing more experienced users shift from rivals like Coinbase.