Bitvo – Canada’s cryptocurrency exchange is being FTX’s acquired

The Bitvo acquisition plan will be concluded in Q3 this year.

FTX is now ready to seize Canada’s crypto exchange Bitvo, and it is planning to continue holding potential brokers worldwide.

In an announcement on June 17, FTX said that the deal was scheduled to close in Q3 this year, provided that it received regulatory approval.

“We are excited to enter the Canadian market and continue to expand FTX’s global reach. Our expansion to Canada is another step in proactively working with crypto regulators in different geographic regions around the globe,” FTX CEO Sam Bankman-Fried said in the announcement.

Bitvo is a Canadian-based cryptocurrency exchange that allows users to trade digital assets, including BTC and ETH while providing cash cards. According to the press release, the platform is the first crypto asset platform to register as a restricted agent, meaning it can give trading services across all Canadian provinces.

This move to attract more brokers has shown that FTX’s CEO keeps to his word before announcing that FTX has spent a large amount of money to expand the company worldwide.

FTX recently announced a strategic investment in the US stock exchange IEX.

Canada, after acquiring the crypto exchange Bitvo

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