Swyftx Acquires Caleb & Brown in $100M Deal to Expand Bitcoin Services for U.S. Investors

On July 1st, Australian crypto exchange Swyftx will finalize the acquisition of digital asset brokerage Caleb & Brown, with the deal valued at over 100 million AUD (approximately 65.8 million USD). This strategic move aligns with Swyftx’s recent announcement to broaden its footprint in the U.S. cryptocurrency market. Caleb & Brown brings a robust portfolio of high-net-worth clients, enhancing Swyftx’s access to affluent investors in the region. The combined entity plans to bolster its relationship management team, aiming to deliver tailored, 24/7 services for institutional clients. This acquisition underscores Swyftx’s commitment to becoming a leading player in the institutional digital asset space, providing comprehensive support and bespoke solutions to meet evolving investor demands.