Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami
Quick Take
- Zach Dexter to head FTX U.S. after Brett Harrison announced his resignation earlier today, a source tells The Block.
- The transition comes as FTX U.S. moves its base to Miami. Dexter is a longtime Miami resident, the source said.
Zach Dexter will move up from heading FTX's U.S. derivatives unit to take over the entire operation in the wake of president Brett Harrison's departure, a person with direct knowledge of the matter told The Block.
The transition comes as FTX U.S. moves its headquarters from Chicago to Miami. Dexter is a longtime resident of Miami, the person said. He joined FTX U.S. in October 2021 when the company finalized its acquisition LedgerX, where he was CEO.
Harrison, who is based in Chicago according to his LinkedIn profile, announced his resignation from the president role earlier today. He said he will transfer his responsibilities and move into an advisory role at the company over the next few months.
FTX U.S. did not immediately respond to The Block's request for comment.
FTX founder Sam Bankman-Fried tweeted earlier today about the move to Miami and the city's mayor, Francis Suarez, welcomed the exchange operator.
FTX U.S. had been looking to move to Miami since last year, The Block reported. The company already had name recognition amongst the city's sports fans after last year securing the arena naming rights of the National Basketball Association's Miami Heat for $135 million over 19 years.
Miami has caught the attention of crypto firms like Blockchain.com and eToro due to its business-friendly mayor and attractive tax environment.
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
