Techub News reports, according to Decrypt, that the cryptocurrency exchange Swyftx, based in Brisbane, Australia, will acquire digital asset brokerage Caleb & Brown for 100 million AUD (approximately 65.8 million USD). The two companies claim this is the largest cryptocurrency acquisition in Australia and New Zealand to date.

The transaction was officially disclosed to employees last week and is expected to significantly expand Swyftx's business reach in the United States, as Caleb & Brown has established a high-net-worth cryptocurrency investor client base in the U.S.