Australian Crypto Exchange Swyftx will acquire Digital Asset Brokerage Caleb & Brown in a big step to set a foothold on the American market.
Brisbane-based crypto exchange Swyftx is set on Caleb & Brown, a Melbourne-based boutique digital asset-brokerage with a reported $ 2 billion in digital assets under detention, in a deal reported To be worth more than $ 100 million (more than $ 65.8 million). The agreement, which was formally announced to employees last week, marks what is considered the largest crypto acquisition to date in Australia and Nieuw -Zeeland.
The merger is expected to give Swyftx a significant access point in the American market, where Caleb & Brown has cultivated a customer base of Hoognetwachte individuals through his personalized brokerage model. The company plans to scale the private customer services of Caleb & Brown and to offer a premium, white-glove experience to prosperous investors, whereby all client activa is said to be kept on a 1: 1-based and secured via guardianship solutions for fire blocks.
The latter acquisition comes only three months after Swyftx moved to acquire the largest stock exchange of New Zealand, Easy Crypto, a deal that has added 350,000 users to its platform and brought its total customer base to 1.1 million.
In one Interview with DecryptSwyftx CEO Jason Titman pointed to improving American regulatory conditions under the Trump administration as a catalyst for an increased deal in the sector, adding that clearer rules can cause an increase in transactions on the American market:
“The President’s working group on Crypto will report before the end of this month, and it could open the flood gates for much Crypto-Deal, much.”
