Crypto Exchange FTX Acquires Bitvo, Makes Alberta The First Canadian Venue

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CALGARY, Alberta, June 17, 2022 (GLOBE NEWSWIRE) — Momentum in Alberta’s fintech sector continues to build as cryptocurrency exchange firm FTX today announced plans to establishing its first Canadian location in Calgary following the acquisition of Calgary-based Bitvo, a crypto asset trading firm. platform providing Canadians with a safe and easy way to buy, sell and trade crypto assets.

With headquarters in the Bahamas and operations in Australia, Dubai, Japan, Switzerland and other locations around the world, FTX has announced plans to complete the acquisition of Bitvo Inc. by the end of the third quarter 2022, subject to regulatory approval and customary closing conditions. FTX chose Alberta for its investments because of its business-friendly environment, talent pool and established financial, technology and innovation ecosystems.

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After the acquisition is completed, Bitvo is expected to be integrated into FTX’s global team, serving the Canadian market in various capacities.

“We are excited to enter the Canadian market and continue to expand FTX’s global reach. Our expansion into Canada is another step in proactively working with cryptocurrency regulators in different parts of the world. »

  • Sam Bankman-Fried, CEO of FTX

“Canada has shown growing interest in digital asset trading, and we are excited to help bring access to one of the world’s leading regulated crypto asset trading platforms to the Canadian cryptocurrency community. We look forward to transforming Canadians’ access to the digital asset ecosystem as part of FTX. »

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  • Pamela Draper, CEO of Bitvo

“We want to position Alberta at the forefront of emerging technologies and industries in Canada. The launch of FTX in Calgary will help to further increase our reputation and opportunities in technology and innovation, especially in blockchain technology. This is great news for the continued growth of our fintech sector and the continued diversification of our economy. »

  • Honorable Doug Schweitzer, Minister of Jobs, Economy and Innovation

Invest Alberta will work with FTX as the company establishes its presence in Alberta, which includes connecting to the technology ecosystem, helping it navigate Alberta’s regulatory environment and accessing the local talent pool.

Alberta is home to more than 3,000 technology companies and a technology workforce of approximately 200,000 and growing. As of February 2022, Alberta had at least 15 crypto-related businesses, ranging from mining to financial services, and the industry is only expected to grow.

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“Alberta is embracing digital transformation and changing the way finance works. In Alberta, we have the world’s biggest financial players mixed with exciting fintech startups, all backed and led by a skilled workforce. We look forward to welcoming FTX to Alberta as more companies view the province as a premier destination for global investment.

  • Rick Christiaanse, CEO, Invest Alberta

A concentration of capital-intensive industries has created strong demand for an innovative financial services sector in Alberta and as a result, the province has developed world-class expertise in niche sectors, such as cryptocurrency.

Other companies that have recently opened new offices in Alberta include Mphasis, Brane Inc., PACE and EY Canada.

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FTX is a crypto asset trading platform designed by traders, for traders. FTX strives to be an intuitive yet powerful platform for all types of users, and to be the most innovative trading platform in the industry. To learn more about FTX.COM, please visit: FTX.COM is not available to residents of the United States or residents of other prohibited jurisdictions, as stated in its Terms of Service.

About Bitvo

Bitvo is a crypto asset exchange that makes it easy to buy and sell crypto assets through its premier website and mobile apps. Bitvo differentiates itself by making it easier than anyone else to trade cryptocurrencies. crypto assets and by offering proprietary features such as Bitvo Same Day Guarantee, Bitvo Cash Card and technical trade analysis tools.

About Invest Alberta

Invest Alberta is dedicated to attracting investment, with a mandate to engage the world and provide top-notch personalized support for businesses, investors and major new projects. With team members in key markets around the world, Invest Alberta strives to break down barriers so investors and businesses can start, grow and succeed without limits. For more information visit:

ti?nf=ODU3NDM4NiM0OTg3NTIyIzIyMDM0Mzg= Invest Alberta Corporation

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Crypto Exchange FTX Acquires Bitvo, Makes Alberta The First Canadian Venue

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