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American Airlines Arena to officially be renamed FTX Arena

CORRECTION Virus Outbreak-Hub Cities Hockey
THIS CORRECTS THAT AMERICAN AIRLINES CENTER IN DALLAS IS A POSSIBLE NHL PLAYOFF SITE, NOT AMERICAN AIRLINES ARENA IN MIAMI. A SUBSTITUTE PHOTO WILL MOVE SHORTLY – FILE – This is March 11, 2005, file photo showing the American Airlines Arena in Miami. (AP Photo/Mitchell Zachs, File)

The American Airlines Arena will officially be renamed after a cryptocurrency: FTX Arena.

The County Commission approved a 19-year partnership with FTX to rename the home of the Miami Heat to FTX Arena.

The county approved the proposal, sponsored by Commissioner Keon Hardemon, to invest $90 million in net revenues from the partnership to go towards programs to reduce gun violence and to “expand economic prosperity for Miami-Dade residents.”

FTX is a cryptocurrency exchange where customers can trade Bitcoin and other cryptocurrencies.