Cryptocurrency exchange FTX Trading on Friday has acquired Bitvo, a Crypto-focused registered dealer, in an effort to further expand its global footprint while complying with regulations. Founded in 2008, Alberta, Canada-based Bitvo is a crypto trading platform. Since its a restricted dealer, Bitvo has the ability to offer crypto trading services across all provinces and territories in Canada. Upon closing of the acquisition expected in Q3, Bitvo will likely be integrated into the FTX global team serving the Canadian market, the company said. "Our expansion into Canada is another step in proactively working with cryptocurrency regulators in different geographies across the globe," said FTX CEO Sam Bankman-Fried. Financial terms of the deal were not disclosed. Towards the end of May, FTX said to be on the hunt for brokerage start-ups.
