O’Leary Announces New Crypto Exchange
Kevin O’Leary, known for his role on the show Shark Tank, is not deterred by the collapse of FTX, a cryptocurrency trading platform he previously supported. In fact, he has announced the upcoming launch of a new crypto exchange called M2, set to replace FTX and Binance. According to O’Leary, M2 will be the largest regulated platform of its kind in the world and will be backed by billions of dollars and financial institutions.
O’Leary and Crypto Exchanges
It’s worth noting that O’Leary had previously promoted FTX before its collapse, resulting in financial losses for him. He criticized Binance for allegedly putting FTX out of business intentionally. O’Leary also expressed concerns about unregulated crypto exchanges and called for stronger government regulations in the industry.
Hot Take: Kevin O’Leary’s Bold Move into Crypto
Kevin O’Leary’s announcement of the new crypto exchange M2 shows his determination to stay involved in the cryptocurrency space despite setbacks. His decision to launch a regulated platform reflects his belief in the importance of compliance and financial backing in the crypto industry.
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