Kevin O'Leary Predicts This New Regulatory-compliant Crypto Exchange Will Surpass Binance And FTX
Portfolio Pulse from Bibhu Pattnaik
Kevin O'Leary, chairman of O'Shares Investment Advisors, predicts that a new regulatory-compliant crypto exchange, M2, being planned in Abu Dhabi could surpass Binance and FTX. He highlighted the regulatory challenges faced by Coinbase (NASDAQ:COIN), and the hurdles encountered by Fidelity (NYSE:FNF) and BlackRock (NYSE:BLK) in launching their ETFs.
October 01, 2023 | 4:34 pm
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NEGATIVE IMPACT
BlackRock faces hurdles in launching their ETFs due to regulatory issues.
BlackRock's inability to launch their ETFs due to regulatory issues could potentially impact their market position and revenues.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Coinbase faces regulatory challenges that could impact its operations.
The regulatory challenges faced by Coinbase could potentially impact its operations and market position, especially if the new M2 exchange gains traction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Fidelity faces hurdles in launching their ETFs due to regulatory issues.
Fidelity's inability to launch their ETFs due to regulatory issues could potentially impact their market position and revenues.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70