The Calgary-based cryptocurrency-trading platform may have narrowly dodged a bullet by backing out of its previously announced deal to be acquired by the beleaguered Bahamas-based exchange before it closed, but Bitvo CEO Pamela Draper said in an email to The Logic she’s still open to the possibility of selling, were someone else to express interest. “Will we consider selling to another buyer? Possibly and opportunistically.” (The Logic)
Talking point: Draper also said “it’s business as usual,” saying Bitvo had operated independently of FTX while it waited for regulators to approve the deal. During that waiting period, FTX collapsed and filed for bankruptcy, saying in a filing Tuesday it may have more than one million creditors. Related trading firm Alameda reportedly used FTX customer funds to repay loans used for venture investments. Meanwhile, once-TSX-listed crypto lender Voyager Digital has also said it is backing out of an agreement to sell its assets to FTX.