FTX Establishes Long-Term Partnership with Kevin O’Leary

Cryptocurrency exchange FTX announced a long-term relationship with Kevin O'Leary, an entrepreneur, venture capitalist, and Shark Tank investor.

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As part of the multi-year relationship, O'Leary will serve as a spokesperson for the FTX brand and will be responsible for elevating FTX and its associated brands to new audiences through a variety of initiatives. O'Leary will also become a shareholder in both FTX Trading Ltd. ("FTX.COM") & West Realm Shires Services Inc. ("FTX.US"), owners and operators of FTX.COM and FTX.US respectively (collectively "FTX"). He has asked that his compensation for these services be paid in crypto assets and be managed on the FTX platform.

"It's exciting to have a true icon in our corner and we're thrilled to have a partner like Kevin O'Leary that shares our views on the importance of compliance. As we continue growing, we'll need dedicated, knowledgeable, and trustworthy partners like Mr. Wonderful," commented Sam Bankman-Fried, Founder and CEO of FTX.

In response to the multi-year deal with FTX, O'Leary said: "Institutional investors struggle with the decision to invest in crypto assets. Not because they don't want to, but because they have difficulty in knowing with certainty that they will be 100% compliant with regulators and reporting requirements. I am no different. I want to increase my crypto exposure but also serve my compliance mandates. To find crypto investment opportunities that met my own rigorous standards of compliance, I entered into this relationship with FTX. FTX leverages best-in-class tech to provide a quality trading experience with low fees for both professional and retail investors alike, while at the same time providing the reporting platform that serves both internal and regulatory compliance requirements." 

Fazzaco reported that less than one month ago FTX raised $900 million in the latest Series B funding round​, which represents one of the largest raises for a crypto company.