Bitbuy Technologies announced this week that it has purchased all of the client accounts of Bitvo Inc., a registered crypto-trading platform based in Calgary. Bitvo was almost acquired by FTX last year. The prodigal FTX was expanding into the Canadian market before its high-profile collapse brought forth fraud and conspiracy charges against CEO Sam Bankman-Fried. […]
Bitvo
Alberta Securities Commission Warns Crypto Trading Has ‘Tremendous Risks’
Last year was an interesting one for crypto asset trading platforms in Canada. A downturned market has spurred potential consolidation efforts while financial scandals—which grazed Alberta through Calgary’s Bitvo—have prompted the Alberta Securities Commission and Canadian Securities Administrators to warn investors that trading in crypto assets comes “with elevated levels of risk that may not be suitable for many […]
Calgary Crypto Trading Platform Bitvo Acquired By FTX
Calgary-headquartered crypto asset trading platform Bitvo has been acquired by FTX. In April 2022, Bitvo became the first Alberta-based crypto asset trading platform to register as a restricted dealer, allowing it to offer crypto asset trading services across all provinces and territories in Canada. Bitvo is also registered with FINTRAC as a money services business in the […]