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Swyftx today announced the successful completion of its acquisition of boutique Australian digital asset brokerage, Caleb & Brown.
Caleb & Brown is a cryptocurrency brokerage and asset manager focussed on private investors in the United States. It currently operates across the US, with a head office in Melbourne. The business launched in 2016 and offers a heavily personalised, one-to-one brokerage service to clients.
The deal is expected to significantly accelerate the growth of both businesses across the US and into other jurisdictions over the next 12 months. Swyftx was founded in 2018 and today has more than 1.5 million business and retail clients around the world.
“This is an exciting milestone for Swyftx as we continue to grow our footprint and strengthen our position as a leading exchange with a fast expanding global footprint and customer base.” said Swyftx CEO, Jason Titman.
“By combining our resources and capabilities, we can extend Caleb & Brown’s significant competitive advantages and deliver even more value to private clients in the US and elsewhere.”
Caleb & Brown will operate under its own brand in the near term while both businesses work towards a full integration of their services.
ENDS
For more information, contact Swyftx head of corporate affairs, Tom Matthews: [email protected] or +61 413 938 247
About Swyftx
Swyftx is an Australian cryptocurrency exchange. The Swyftx Group supports over 1.5 million retail, business and SMSF customers across the ANZ region. Swyftx is AUSTRAC registered and ISO 27001 certified.
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