Swyftx Makes History: $66M ANZ Crypto Mega-Deal to Acquire Caleb & Brown
Australia's crypto landscape just got a seismic shakeup. Swyftx—the homegrown exchange nipping at Binance's heels—is swallowing rival Caleb & Brown in a record-breaking $66 million deal. The biggest ANZ crypto acquisition to date? Check. A power move that consolidates Swyftx's dominance Down Under? Double-check.
Why this matters: The Aussie crypto market's been a battleground since regulators started cracking down on offshore players. Swyftx isn't just buying a competitor—they're buying legitimacy, client lists, and a direct line to institutional traders who still think 'cold storage' refers to their craft beer fridge.
The cynical take: Nothing says 'bull market' like exchanges playing monopoly with VC money. But hey, at least this acquisition spree comes with actual due diligence—unlike those 2021 memecoin listings we'd all rather forget.
