Cryptocurrencies
Crypto Exchange Giant FTX Enters Canada With Acquisition
- FTX enters into an agreement to acquire trading platform Bitvo
- CEO Bankman-Fried says firm has billions of dollars for deals
This article is for subscribers only.
Crypto exchange giant FTX is expanding its global footprint with a new acquisition in Canada, despite turmoil in the digital-asset market.
The Bahamas-headquartered crypto exchange said in a statement it has entered into an agreement to buy Bitvo, Inc., a Canadian crypto asset trading platform based in Alberta. Terms of the deal were not disclosed. The acquisition is expected to close in the third quarter of 2022.