Canadian cryptocurrency exchange Bitvo announced that it has terminated the pending acquisition deal with FTX

ChainCatcher news, Canadian cryptocurrency exchange Bitvo announced that it has terminated the pending acquisition deal with FTX Canada and FTX Trading. Bitvo has no significant risk exposure to FTX or any of its affiliates, and Bitvo is not a party to the bankruptcy proceedings of FTX and its affiliates. Bitvo has never owned, listed, or traded FTX tokens and will continue to operate independently.

Previously, FTX announced in June of this year the acquisition of the Canadian compliant crypto exchange Bitvo, contingent upon approval from Canadian regulatory authorities. After the acquisition, Bitvo would have integrated into the FTX global team.