Published on 16 Nov 2022 on Financial Post via Yahoo Finance
US-CRYPTOCURRENCY-MARKET-FTX-BANKRUPTCY
Calgary-based crypto trading platform Bitvo Inc. made a splash in June with an agreement to be acquired by FTX Trading Inc., part of an exchange that had attracted hundreds of millions of dollars from venture capital heavyweights including Sequoia Capital, Softbank Capital, and Tiger Global.
But the plan to make Bitvo FTX’s Canadian beachhead has been terminated in the wake of the latter’s spectacular collapse last week, according to a statement from the Canadian company.