‘Let’s team up’: Crypto exchange in $1.5b surprise merger

  • 📰 smh
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 80%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

‘Let’s team up’: Crypto exchange in $1.5b surprise merger | domp

Crypto exchange Swyftx and equities trading platform Superhero have announced a surprise merger of the two companies in a move that could see the combined $1.5 billion trading giant list on the ASX further down the track.

Swyftx’s Alex Harper and Angus Goldman have partnered with John Winters and Wayne Baskin of Superhero in a bid to create the first trading “super app”.the crypto exchange had been keen to get into the equities and superannuation space, and had started to talk to Superhero’s co-founder John Winters about how the exchange could start to move into that market.

Currently, no crypto exchanges in Australia are listed on the local bourse, however Winters hinted this could change in the not-too-distant future, saying an IPO could possibly be on the cards once the merger is tied off, though the founders noted they were not in a hurry to do so.“I don’t think an IPO is necessarily off the table. There’s a lot of work to be done before we get to that stage though,” he said.

The platforms will continue to operate independently of each other for the time being, though that might change if and when Australia’s regulatory settings allow, something Winters noted could pose a challenge.“Regulation is of utmost importance in our businesses. However, there are grey areas in how to deal with digital assets currently,” he said. “We were extremely impressed with how Swyftx is engaging with the regulators and government around that, but there are challenges.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Superhero and Swyftx unveil ‘$1.5b’ mergerGyrations in share and crypto markets have not deterred the two businesses from joining forces in their bid to create a “super app” with 800,000 customers.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »

Superhero and Swyftx unveil ‘$1.5b’ mergerGyrations in share and crypto markets have not deterred the two businesses from joining forces in their bid to create a “super app” with 800,000 customers.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »