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Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami

Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami

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Zach Dexter will move from head of FTX’s U.S. derivatives unit to take over the entire operation following the departure of president Brett Harrison, a person with direct knowledge of the matter told The Block.

The move comes as FTX US moves its headquarters from Chicago to Miami. Dexter is a longtime Miami resident, the person said. He joined FTX US in October 2021 when the company completed the acquisition of LedgerX, where he served as CEO.

According to his LinkedIn profile, Harrison, who is based in Chicago, announced his resignation from the role of president earlier today. He said he would be handing over his responsibilities and moving into an advisory position at the company in the coming months.

FTX US did not immediately respond to The Block’s request for comment.

FTX founder Sam Bankman-Fried tweeted earlier today the move to Miami and the city’s mayor, Francis Suarez, welcome stock exchange operator.

FTX US had wanted to move to Miami since last year, The Block reported. The company already had a name among the city’s sports fans after it acquired the naming rights to the National Basketball Association’s Miami Heat arena last year for $135 million over 19 years.

Miami has caught the attention of crypto companies like Blockchain.com and eToro due to its business-friendly mayor and attractive tax environment.

© 2022 The Block Crypto, Inc. All rights reserved. This article is for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.



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