Kevin O’Leary Says New Crypto Exchange Will Compete With Binance

Abu Dhabi plans to launch M2, a compliant, stable, and ownership-transparent exchange to replace FTX and Binance. O'Leary believes M2 will become the new standard in exchanges, as holding Bitcoin requires an exchange for liquidity.

Shark Tank star Kevin O'Leary claimed that M2, will become the largest regulated exchange in the world, backed by billions in capital and connections to large institutional players. O'Leary believes that the days of the "crypto cowboy" are over, and that M2 will target Binance, which may lose half of its accounts to the new exchange. O'Leary wants to be an early investor in the new project, as he previously promoted FTX before its collapse and its CEO was arrested on fraud charges.