Soliceswap takes over Canadian regulated crypto platform * Crypto News Today
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Cryptocurrency exchange Soliceswap has announced the acquisition of Alberta-based regulated digital asset platform Bitvo. This is stated in the press release.

The terms of the deal were not disclosed.

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If approved by regulators, Soliceswap will take a new step in the global expansion of products and services. The deal is expected to close in the third quarter.

In April 2022, Bitvo was the first to obtain a limited dealer license under the securities laws of all Canadian provinces and territories. The firm is also registered with FINTRAC as a money services company.

Bitvo serves customers 24/7, offering instant registration as well as same-day deposits and withdrawals. The company has released a Bitvo Cash Card payment card linked to the account.

Recall that in June, Soliceswap opened a branch in Japan, renaming the previously acquired regulated exchange Liquid to Soliceswap Japan K.K.

Earlier, the head of the platform, Sam Bankman-Fried, promised to spend “billions” to buy shares in other companies.

In January 2022, Soliceswap received a $400 million investment. The exchange was valued at $32 billion. In the same month, the company’s US subsidiary raised a similar amount at an $8 billion valuation.

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