Australian crypto brokerage Swyftx is poised to acquire the New Zealand crypto exchange Easy Crypto, with one of the executives highlighting favorable changes in U.S. crypto policy.
Swyftx’s CEO, Jason Titman, noted in a statement on March 19 that they perceive “Trump’s messaging on crypto as a supportive factor” for this acquisition.
In a conversation, Titman mentioned that the collaboration with Easy Crypto was already in progress prior to Trump’s election, but now the industry is on “the brink of rational regulation in the U.S.” which is expected to enhance liquidity and encourage other nations to develop relevant legislation.
“Amidst all the focus on tariffs, many are overlooking the fact that positive developments are on the horizon for crypto,” he remarked.
> “The environment for forging deals is about to see significant improvements, and it’s undeniable that capital will shift. This acquisition may be the first, but it certainly won’t be the last.”
Since Trump’s inauguration on January 20, the crypto landscape has experienced several shifts, including the appointment of pro-crypto officials to key regulatory positions and a change in stance from the nation’s securities regulator.
According to Titman, the crypto industry has faced a challenging period for mergers and acquisitions, primarily because many crypto CEOs were hesitant to “embrace the regulatory uncertainties” observed during the previous administration.
“This hesitance has spread to other markets, where regulators have shown indecision and a lack of commitment to implementing clear regulations that bolster blockchain and digital assets,” he stated.
“We anticipate an uptick in dealmaking over the coming quarters, followed by sustained activity. Political administrations may change, but regulations typically endure longer, providing companies with the security they need to invest.”
Post-acquisition on March 31, Swyftx and Easy Crypto will function as distinct platforms while planning for their eventual integration.
The combined entity is expected to employ nearly 200 individuals and will be headquartered in Brisbane, Australia, as per both companies.
Janine Grainger, co-founder and CEO of Easy Crypto, remarked that the acquisition represents a “natural alignment” and would establish a formidable oceanic player capable of competing with existing crypto giants.
“The crypto landscape has evolved rapidly over the last four years. As the market matures, we are witnessing a trend toward consolidation and the emergence of robust regional and global entities,” she explained.
A survey conducted in August 2024 indicates that approximately 3.9 million Australians own cryptocurrencies out of a total population of 26 million.
In parallel, research by a Web3 consumer insights firm, in collaboration with Easy Crypto, suggests that close to 50% of New Zealand’s 5.2 million people are either current crypto investors or contemplating investing soon.
Comparatively, the U.S. Federal Reserve estimates that around 18 million individuals in the U.S. own or use crypto.
Grainger stated that there is “increasing enthusiasm for utilizing our sector” to stimulate economic growth, bolstered by solid support for the industry in New Zealand.
“There is significant local backing for crypto—nearly 50% of New Zealanders have owned, currently own, or are considering future investments in cryptocurrencies,” she noted.
“The region is experiencing heightened regulatory activity, which will help build trust, similar to what has occurred in other areas.”