Swyftx to Acquire Caleb Brown in $65.8 Million Deal
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Australian crypto exchange Swyftx is set to acquire digital asset brokerage Caleb Brown for approximately $65.8 million, marking the largest cryptocurrency acquisition in Australia and New Zealand. The acquisition aims to expand Swyftx's presence in the United States, leveraging Caleb Brown's client base of high-net-worth investors.
Caleb Brown, founded in 2016, manages over $1.2 billion in digital assets. Swyftx plans to enhance Caleb Brown's team of relationship managers, positioning the merged entity as a premier choice for wealthy investors seeking personalized support. This follows Swyftx's recent agreement to acquire New Zealand's largest crypto exchange, Easy Crypto, further broadening its geographical reach and increasing its team to nearly 300 members.Source:Show Original
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