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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
FTX Enters Gaming as Backlash Grows Against Crypto’s Incursion
Photographer: Olivier Douliery/Getty Images
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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.