Shark Tank star Kevin O’Leary has revealed plans for a new crypto exchange that aims to disrupt the industry's leading giants. In an interview with Fox Business, O'Leary emphasized that the era of the 'crypto cowboy' is over. The exchange, called M2, will be based in Abu Dhabi and is set to become the largest regulated crypto exchange in the world. It will be backed by billions in capital and will have connections to major institutional players.
O'Leary expressed his excitement about the upcoming launch, stating that he wants to be an early investor in the project. He believes that M2 will attract a significant number of users from Binance, the current leading exchange, as it offers a compliant platform backed by billions of dollars and established financial institutions.
It is worth noting that O'Leary had previously promoted FTX, which later collapsed and its CEO was arrested on fraud charges. However, he remains confident in the potential of M2, emphasizing its compliance, stability, ownership transparency, and global accessibility.
At the time of writing, there has been no official announcement regarding the launch of M2. Investors are advised to conduct their own research and exercise caution when engaging in high-risk investments in the crypto market.
