TechFlow news, July 1 — According to Decrypt, Australian cryptocurrency exchange Swyftx is set to acquire boutique digital asset brokerage Caleb & Brown in a deal valued at over AUD 100 million (approximately USD 65.8 million), marking the largest crypto merger and acquisition transaction in Australia and New Zealand.
The report noted that Caleb & Brown, founded in 2016, offers one-on-one trading services and currently holds more than USD 2 billion in digital assets. Swyftx CEO Jason Titman said that under the Trump administration's push for favorable industry regulatory policies, cryptocurrency M&A activity in the United States is expected to increase significantly.
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