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Announced

Completed

Alberta-backed FTX completed the acquisition of Bitvo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Private

crypto trading

Single Bidder

Friendly

Canada

Online and Social Platforms

Acquisition

Cross Border

Private Equity

Synopsis

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Alberta-backed FTX, a crypto asset trading platform, completed the acquisition of Bitvo, a crypto asset trading platform. Financial terms were not disclosed. “We are delighted to enter the Canadian marketplace and continue to expand FTX’s global reach. Our expansion into Canada is another step in proactively working with cryptocurrency regulators in different geographies across the globe," Sam Bankman-Fried, FTX CEO.

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