Crypto exchange platform Swyftx is set to acquire digital asset brokerage firm Caleb & Brown, with the transaction price estimated at around $65.8 million.

BlockBeats News, July 1st, Australian cryptocurrency exchange Swyftx will acquire digital asset brokerage firm Caleb & Brown, according to sources, with the deal valued at over 100 million Australian dollars (approximately 65.8 million US dollars). Swyftx disclosed to its employees last week that it expects to expand Swyftx's presence in the United States, where Caleb & Brown has already established a client base of high-net-worth cryptocurrency investors.

Swyftx intends to grow Caleb & Brown's relationship management team and position the merged group as an alternative option for institutional investors seeking customized, round-the-clock support.