Australian crypto broker Swyftx finalizes the acquisition of New Zealand exchange Easy Crypto, signifying a new growth phase and potential industry-wide changes.
Positive Policy Changes in the US
Swyftx CEO Jason Titman emphasized how the changing crypto policy in the US, including new pro-crypto leaders, is creating a favorable market environment. Post-Trump inauguration political shifts like more favorable regulatory landscapes are seen as a catalyst for deal-making improvements.
Mergers and Acquisitions Outlook
The past few years have been challenging for mergers and acquisitions in the crypto space due to regulatory uncertainty. However, with an improving regulatory environment, a rise in deals is expected. Titman highlighted that stable rules provide businesses the certainty needed for investment.
Crypto Market Trends in Australia and New Zealand
Research indicates 3.9 million Australians currently own crypto. Similarly, in New Zealand, the interest is rising, with nearly half the population considering crypto investments. The Swyftx and Easy Crypto joint venture aims to strengthen the market and support regional interest growth.
The merger of Swyftx and Easy Crypto demonstrates significant changes in the Oceania crypto industry. Further regulation and company integration are expected to contribute to economic growth and cryptocurrency adoption in the region.
