The Bahamas-based exchange, one of the world’s largest, said it would acquire Calgary-based Bitvo, a crypto trading platform registered in all provinces and territories. (The Logic)
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The Bahamas-based exchange, one of the world’s largest, said it would acquire Calgary-based Bitvo, a crypto trading platform registered in all provinces and territories. (The Logic)
Talking point: FTX’s platform had previously been available to Canadians until the company placed restrictions on customers last year, amid a regulatory crackdown on unregistered crypto exchanges operating here. “Our expansion into Canada is another step in proactively working with cryptocurrency regulators in different geographies across the globe,” FTX CEO Sam Bankman-Fried said in a press release. Meanwhile, Canadian crypto companies are taking steps to manage the steep decline in Bitcoin prices. Toronto-based crypto miner Bitfarms is reportedly looking to raise cash through Bitcoin sales as the company struggles with liquidity.
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