Australian cryptocurrency exchange Swyftx has finalized a significant acquisition deal, purchasing digital asset brokerage Caleb & Brown for over 100 million AUD (approximately $65.8 million USD). The acquisition represents a strategic move by Swyftx to broaden its Bitcoin service offerings and significantly strengthen its foothold within the competitive U.S. cryptocurrency market.
Bringing Caleb & Brown into the Swyftx fold provides the exchange with a robust portfolio of institutional client services and a seasoned team. Caleb & Brown is recognized for offering tailored, 24/7 brokerage services specifically designed for institutional investors navigating the digital asset space.
The integration of Caleb & Brown’s specialized brokerage capabilities aligns directly with Swyftx’s ambition to cement its position as a leading player in the global cryptocurrency ecosystem. This move enhances Swyftx’s ability to deliver sophisticated, bespoke institutional-grade solutions.