Australian crypto broker Swyftx is set to acquire New Zealand crypto exchange Easy Crypto, with one of the CEOs nodding at positive crypto policy changes in the United States. Swyftx CEO Jason Titman said in a March 19 statement that they see “Trump’s policy messaging around crypto as a tailwind” for this deal. He told Cointelegraph that Swyftx’s deal with Easy Crypto was underway before Trump was elected, but now we are on “the cusp of sensible regulation in the US” that will bring liquidity and put pressure on other governments to legislate.“Everyone is so focused on tariffs that they’re skipping the argument that good things are on the horizon for crypto,” Titman said.“The environment for dealmaking is about to improve exponentially, and there is no question that money will move.
Titman says the crypto industry has endured a lean few years for mergers and acquisitions activity, partly because crypto CEOs were unwilling to “take the regulatory risk” they saw during the Biden administration.“This hesitation has extended to other markets where regulators have sat on the fence and shown a lack of commitment to introducing clear legislation that supports blockchain and digital assets,” he said.“We expect dealmaking to increase over the next few quarters and then stay elevated after that.
An August 2024 Swyftx survey estimates there are 3.9 million Australians who own crypto out of a population of 26 million. Meanwhile, research by Web3 consumer research firm Protocol Theory, in partnership with Easy Crypto, estimates almost 50% of New Zealand’s 5.2 million population are either current crypto investors or are considering investing in the future.An estimated 3.9 million Australians currently own cryptocurrency, compared to 4.5 million in 2023.
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Author / Journalist: Cointelegraph by Stephen Katte
The story "Swyftx acquires New Zealand’s Easy Crypto, citing Trump tailwind" has 601 words across 17 sentences, which will take approximately 3 - 6 minutes for the average person to read.
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