M&A Deal Summary

FTX Acquires Bitvo

On June 17, 2022, FTX acquired internet software and services company Bitvo

Acquisition Highlights
  • This is FTX’s 1st transaction in the Internet Software and Services sector.
  • This is FTX’s 1st transaction in Canada.
  • This is FTX’s 1st transaction in Alberta.

M&A Deal Summary
Date 2022-06-17
Target Bitvo
Sector Internet Software and Services
Buyer(s) FTX
Deal Type Add-on Acquisition

Target

Bitvo

Calgary, Alberta, Canada
Bitvo is a crypto asset trading platform that facilitates buying and selling of crypto assets through its best-in-class website and mobile applications. The platform differentiates itself by making transacting in crypto assets easier than anyone else and offering proprietary features such as the Bitvo Same Day Guarantee, the Bitvo Cash Card and technical trading analysis tools. Bitvo is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

FTX

Saint John's, Antigua and Barbuda
Category Company
Sector Internet Software and Services
DESCRIPTION

FTX is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk. FTX is based in Saint John's, Antigua.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Liquid

Singapore, Singapore

Liquid is a global cryptocurrency platform that provides trading, exchange, and next generation financial services powered by blockchain technology. The company combines a strong network of local partners with extensive team experience in banking and financial products to deliver the best in next-generation services for its customers. Powered by the World Book, which provides customers enhanced price matching and deeper liquidity for various fiat and cryptocurrency pairs, it offers trading services for major cryptocurrencies such as bitcoin and ethereum against fiat currency pairs in Japanese yen, US, Singapore, and Australian dollars, and euro. Liquid is based in Singapore.

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