Australian crypto exchange Swyftx is acquiring boutique digital asset brokerage Caleb & Brown in what is described as the largest crypto acquisition in Australia and New Zealand. The deal, valued at over AU$100 million (approximately US$65.8 million), is expected to enhance Swyftx's presence in the U.S. market, where Caleb & Brown caters to high-net-worth investors. This acquisition follows Swyftx's purchase of New Zealand's Easy Crypto three months earlier and aims to broaden its geographic reach. Swyftx CEO, Jason Titman, noted that easing U.S. policies under the Trump administration could stimulate crypto mergers and acquisitions, increasing investor interest. Caleb & Brown, established in 2016, currently manages over $1.2 billion in digital assets and emphasizes personalized trading services compliant with Australian regulations. The merger is anticipated to enable Swyftx to compete more effectively for affluent clients in the U.S. market, with plans to expand Caleb & Brown's relationship management team to better serve this demographic.

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