FTX, one of the world’s largest cryptocurrency exchanges, has acquired the cryptocurrency exchange Bitvo to expand its presence in Canada.
According to a June 17 press release, FTX is within the scope of securities laws in all Canadian provinces. in order to become an approved platform Acquired cryptocurrency exchange Bitvo.
FTX, the 3rd largest exchange in the crypto money market, will be the third largest exchange in 2022 with this acquisition. licensed in Canada in the third quarter can serve.
In the press release, Alberta-based cryptocurrency exchange Bitvo announced that it was in Canada about 2 months ago. to serve It is stated that it has obtained all the necessary licenses for naturally, all licenses are also will be deemed received.
FTX CEO Sam Bankman-Fried made the following statements on the subject:
We are delighted to enter the Canadian market as part of the company’s global expansion plans.
After the acquisition, which will take place in the third quarter of this year, Including the FTX team in Bitvo staff is planned.