Swyftx acquires Caleb & Brown, expanding into the America market

The cryptocurrency exchange Swyftx ( based in Brisbane) is preparing for the acquisition of the premium digital asset brokerage Caleb & Brown, in what is considered the largest deal ever to take place in the crypto sector in Australia and New Zealand.

The deal will help Swyftx penetrate the U.S. market through Caleb & Brown's personalized customer service model – which is currently managing over $2 billion in digital assets. The estimated transaction value is over 100 million Australian dollars, equivalent to about $65.8 million.

The deal took place just three months after Swyftx agreed to acquire Easy Crypto – the largest exchange in New Zealand, bringing Swyftx's total number of users to 1.1 million. After the merger, the Swyftx group will have nearly 300 employees.

CEO Jason Titman stated that the more open policies under President Donald Trump are helping to reduce legal risks in the U.S. and will drive an M&A wave in the crypto industry.

The financial consulting firm Spartan acted as an advisor to Swyftx in this deal.

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