Article content But the plan to make Bitvo FTX’s Canadian bridgehead has ended in the wake of the latter’s spectacular collapse last week, according to a statement from the Canadian company. “Since its inception, Bitvo has operated as an independent Canadian crypto asset trading platform,” the statement said. Article content The acquisition was intended to close in the third quarter, subject to regulatory approval and customary closing conditions. Article content He resigned as CEO last week in the wake of the collapse that began with a liquidity crisis that left users unable to access their funds. FTX’s rapidly declining fortunes highlighted the exposure to the crypto world of a second major Canadian pension fund.

Source: National Post November 15, 2022 17:21 UTC