Australian crypto broker Swyftx will acquire New Zealand crypto exchange Easy Crypto, one of the CEOs nodded in the positive U.S. crypto policy changes.
Swyftx CEO Jason Titman said in a March 19 statement that they viewed “the news of Trump policy surrounding cryptocurrencies as a headwind.”
He told Cointelegraph that Swyftx’s deal with Easy Crypto is in progress Trump is electedbut now we are “smart regulations in the United States” that will bring liquidity and put pressure on other governments.
“Everyone is so focused on tariffs that they skip the argument that good things are coming,” Teiman said.
“The environment for trading will improve exponentially, and there is no doubt that this deal may be the first one, but this will not be the last one.”
Trump’s inauguration ceremony on January 20 Some changes in the crypto industry Several pro-Claterto executives have been included in the senior regulatory role Changes in crypto stance by the country’s securities regulator.
Titman said the cryptocurrency industry has been through several years of merger and acquisition activity, partly because of the reluctance of crypto CEOs to “take regulatory risks” They saw it during Biden’s administration.
“This hesitation has expanded to other markets where regulators sit on fences and demonstrate a lack of commitment to clear legislation supporting blockchain and digital assets,” he said.
“We expect transactions to increase over the next few quarters and then stay higher after that, but the rules tend to have longer shelf life, which allows businesses to determine the certainty they need to invest.”
Following the March 31 acquisition, Swyftx and Easy Crypto will continue to run as separate platforms after the team plans integration.
Related: Australian regulators’ “blitzkrieg” reaches crypto exchanges and remittances
New business will have a combined workforce of less than 200 employees Operating in Brisbane, AustraliaAccording to Swyftx and Easy Crypto.
Janine Grainger, co-founder and CEO of Easy Crypto, told Cointelegraph that the acquisition is a “natural fit” that will be a new ocean heavyweight that competes with current competitors.
“The cryptocurrency market has changed over the past four years,” she said.
August 2024 Swyftx The survey estimates 3.9 million Australians Who owns cryptocurrency in the population of 26 million.
At the same time, the research on the Web3 Consumer Research Company Agreement Theory has been collaborated with Easy Crypto, estimate Nearly 50% of New Zealand’s 5.2 million population are current crypto investors or are considering future investments.
Currently, an estimated 3.9 million Australians own cryptocurrency, up from 4.5 million in 2023. source: stumble
By comparison, The U.S. Federal Reserve estimates that there are about 18 million people Own or use cryptocurrency in the United States.
Greener said, “The interest in leveraging our industry is growing” to help drive economic growth Strong support For the New Zealand industry.
“There is strong support locally – nearly 50% of New Zealanders own, already own or are considering future investments in cryptocurrencies,” she said.
“The region is accepting more and more regulations that will help drive trust, just like other regions.”
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