Australian Exchange Swyftx to Acquire Caleb & Brown for Over AU$100M
The post Australian Exchange Swyftx to Acquire Caleb & Brown for Over AU$100M appeared on BitcoinEthereumNews.com. Deal gives Swyftx access to $2B assets, wealthy U.S. client network. Acquisition follows Easy Crypto buy, lifts Swyftx user base to 1.1M. CEO says clearer U.S. crypto rules make global expansion more achievable. Swyftx, a crypto exchange based in Brisbane, has announced a big move in the digital asset space. The company plans to acquire Caleb & Brown, a boutique crypto brokerage from Melbourne, for over AU$100 million (around USD 65.8 million). Swyftx Eyes U.S. Expansion Using Caleb & Brown’s Wealthy Client Base Caleb & Brown has the reputation of providing high-end services to a rich investor in cryptocurrencies. The company is said to have close to 2 billion digital assets that are entrusted to its possession. This qualifies it as one of the largest crypto-broking trading names within Australia. This transaction was announced to workers last week. It is likely to be the biggest crypto acquisition that has been seen in Australia and New Zealand, many in the industry say. This indicates how serious Swyftx is in expanding and reinforcing its presence in the crypto environment. This new deal will have the potential to expand not only the operations of Swyftx locally. It will also assist the company to branch into the U.S market. Caleb & Brown already enjoys a wide network of high-net-worth clients in America. Through this acquisition, Swyftx gets the obvious way of reach out to these U.S. investors. The present action follows an even larger transaction made by Swyftx. The company recently acquired Easy Crypto, the biggest crypto trading platform in New Zealand, just three months ago. That transaction attracted an additional 350,000 users that have bringing the total number of users of Swyftx to around 1.1 million. Jason Titman, the CEO of Swyftx, spoke in his opinion about this ambitious expansion. According to him,…
The post Australian Exchange Swyftx to Acquire Caleb & Brown for Over AU$100M appeared on BitcoinEthereumNews.com.
Deal gives Swyftx access to $2B assets, wealthy U.S. client network. Acquisition follows Easy Crypto buy, lifts Swyftx user base to 1.1M. CEO says clearer U.S. crypto rules make global expansion more achievable. Swyftx, a crypto exchange based in Brisbane, has announced a big move in the digital asset space. The company plans to acquire Caleb & Brown, a boutique crypto brokerage from Melbourne, for over AU$100 million (around USD 65.8 million). Swyftx Eyes U.S. Expansion Using Caleb & Brown’s Wealthy Client Base Caleb & Brown has the reputation of providing high-end services to a rich investor in cryptocurrencies. The company is said to have close to 2 billion digital assets that are entrusted to its possession. This qualifies it as one of the largest crypto-broking trading names within Australia. This transaction was announced to workers last week. It is likely to be the biggest crypto acquisition that has been seen in Australia and New Zealand, many in the industry say. This indicates how serious Swyftx is in expanding and reinforcing its presence in the crypto environment. This new deal will have the potential to expand not only the operations of Swyftx locally. It will also assist the company to branch into the U.S market. Caleb & Brown already enjoys a wide network of high-net-worth clients in America. Through this acquisition, Swyftx gets the obvious way of reach out to these U.S. investors. The present action follows an even larger transaction made by Swyftx. The company recently acquired Easy Crypto, the biggest crypto trading platform in New Zealand, just three months ago. That transaction attracted an additional 350,000 users that have bringing the total number of users of Swyftx to around 1.1 million. Jason Titman, the CEO of Swyftx, spoke in his opinion about this ambitious expansion. According to him,…
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