FTX plans to acquire crypto exchange Bitvo as part of move into Canadian market By Cointelegraph


FTX plans to acquire crypto exchange Bitvo as part of move into Canadian market

Cryptocurrency derivatives exchange FTX has entered into an agreement to purchase Canadian crypto platform Bitvo.

In a Friday announcement, FTX Trading Limited said it planned to acquire Bitvo as part of the crypto exchange’s effort to offer its products and services to Canadia-based users. The company added that the deal was “subject to regulatory approval and customary closing conditions,” but expected to close in the third quarter of 2022.