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Australian Crypto Exchange Swyftx, Share Trading Platform Superhero Abandon Merger Plan

"The ongoing regulatory uncertainty around crypto-assets, combined with rising regulation-by-enforcement, does not encourage an environment where mergers of more traditional businesses and crypto-native companies can easily take place,” Adam Percy, Swyftx's general counsel, said in a WhatsApp message. Source

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Superhero cans merger with Swyftx citing regulatory scrutiny

With more regulators eyeing the crypto space as the FTX debacle continues, the $1.5 billion merger of online investing platform Superhero with the Australian crypto exchange Swyftx was shelved. In an email to its customers, Superhero highlighted that it will not be proceeding with its merger with the crypto exchange. According

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Crypto-stock trade pairs in the cards as Swyftx inks $1.5B merger with Superhero

Australian crypto exchange Swyftx wants to eventually offer seamless trading between traditional and crypto-asset classes, with its first step being the completion of its $1.5 billion merger deal with online investing platform Superhero. The deal to combine the two was revealed on June 8, with the merged entity set to become

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