FTX Acquires Canadian Exchange to Expand its North American Footprints
FTX – the second-largest crypto exchange by trading volume – announced its expansion into America’s up-north neighbor by acquiring the Canadian trading platform Bitvo. The newly acquired company will continue serving the Canadian market as it is integrated into the FTX global team.
Bitvo, founded in 2018, is registered as a restricted dealer under the securities laws of all provinces and territories in Canada. Additionally, it is a registered crypto exchange with the Canadian watchdog – the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Thus the company is eligible to offer crypto trading services across the country. SBF – CEO of FTX – commented that the new acquisition is a continued journey of global expansion and proactively working with regulators. #TOGRP
