Cryptocurrency exchange FTX has announced that it has acquired Alberta-based regulated digital asset platform Bitvo. This is stated in the press release.

Terms of the deal were not disclosed.

If approved by regulators, FTX will mark a new step in the global expansion of products and services. The deal is expected to close in the third quarter.

In April 2022, Bitvo became the first company to obtain a limited dealer license under the securities laws of all Canadian provinces and territories. The company is also registered FINTRAC as a money services company.

Bitvo provides 24/7 service to its customers, offering instant registration and same-day deposit and withdrawal options. The company has issued a Bitvo Cash Card payment card linked to the account.

Recall that in June, FTX opened a branch in Japan and the regulated exchange Liquid, which was purchased earlier, changed its name to FTX Japan KK.

Earlier, Sam Bankman-Fried, head of the platform, promised to spend “billions” on buying shares in other companies.

In January 2022, FTX received an investment of $400 million. The exchange was valued at $32 billion. In the same month, the company’s US subsidiary raised a similar amount, with a valuation of $8 billion.

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