Swyftx crypto exchange will acquire Caleb & Brown in deal reported over $65.8M
2025-07-01 12:07:48
Main Idea
Australian crypto exchange Swyftx is acquiring digital asset brokerage Caleb & Brown in a deal worth over AU$100 million to expand into the U.S. market.
Key Points
1. Swyftx's acquisition of Caleb & Brown is reported to be the largest crypto acquisition in Australia and New Zealand to date.
2. The deal aims to provide Swyftx with a significant entry point into the U.S. market, leveraging Caleb & Brown's personalized brokerage model.
3. Swyftx plans to scale Caleb & Brown’s private client services, offering premium 1:1 services secured via Fireblocks custody solutions.
4. This acquisition follows Swyftx's purchase of New Zealand’s Easy Crypto three months prior, which added 350,000 users, bringing its total customer base to 1.1 million.
5. Swyftx CEO Jason Titman highlighted the improving U.S. regulatory environment as a key factor in the company's expansion strategy.
Description
Australian crypto exchange Swyftx is set to acquire digital asset brokerage Caleb & Brown in a major move to establish a foothold in the U.S. market. Brisbane-based crypto exchange Swyftx is set to acquire Caleb & Brown, a Melbourne-based boutique digital asset brokerage with a reported $2 billion in digital assets under custody, in a deal reported to be worth over AU$100 million (over $65.8 million). The agreement, which was formally disclosed to employees last week, marks what is believed to b...
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