Earn allows users to earn interest on their funds held on their Swyftx wallets. The exchange might have suggested that the move might be temporary. Swiyftx announced the move in December Australian cr...
Tag: Swyftx
Swyftx Scraps Its Yield Program Citing ‘Regulatory Landscape’
Australian cryptocurrency exchange Swyftx has announced it will be closing its Earn program this week, citing “the constantly changing regulatory landscape.” Upon closure of the program on Jan. 10, us...
Australian crypto exchange Swyftx closes its earn program, cites unclear regulations
Australian crypto exchange Swyftx has decided to discontinue its earn program due to regulatory ambiguity surrounding crypto products. Swyftx said it might reconsider reopening the program once the ru...
Swyftx to chop its ‘Earn’ program this week, citing murky regulations
Australian crypto exchange Swyftx is set to shutter its crypto-interest product this week, citing a “constantly changing regulatory landscape” for crypto products in the country. From Jan. 10, the cr...
Swyftx and Superhero Dropped the Historic Merger Plan Worth $1.5B
Swyftx and Superhero canceled their plan of “historic merger”. The $1.5B worth merger is to create a digital and traditional finance powerhouse. Australia’s ASIC is tightening the regulations for cry...
Swyftx crypto exchange exits $1 billion merger amid regulatory scrutiny: AFR
Swyftx, a crypto exchange based in Australia, has been forced to pull out of a planned 1.5 billion Australian dollar ($1 billion) merger deal with superannuation fund platform Superhero, the Australia...
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 crypt...
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 Australian online investing platform Superhero with Australian crypto exchange Swyftx has been she...
Swyftx layoffs 40% of its employees. Know the reason
Swyftx, a crypto exchange established in Australia has eliminated about 90 employees, which it clarified was in the arrangement of a “worst-case scenario.” The worst-case scenario will be a result of...
Bybit, Swyftx join layoff spree following FTX collapse
Crypto exchanges Bybit and Swyftx have moved to execute their second round of layoffs in preparation for a worsening bear market, fueled by the FTX collapse. Bybit CEO Ben Zhou said the staff cuts wil...
Australian Crypto Exchange Swyftx Lays Off 35% Personnel
Exchange News Swyftx co-CEO Alex Harper announced the decision in a statement on December 5. Harper said that the difficult choice was essential to survive the ongoing crypto winter. Swyftx, an Austra...
Swyftx lays off 40% of staff, CEO blames FTX fallout
Australian cryptocurrency exchange Swyftx has announced it will lay off 40% of its workforce, or about 90 staff members, as a result of a worsening downturn in digital asset markets following the demi...
Australian crypto exchange Swyftx cuts 90 jobs in second round of layoffs
Australian crypto exchange Swyftx has fired 90 employees in its second round of layoffs in four months. “Swyftx has no direct exposure to FTX, but we are not immune to the fallout it has c...
Swyftx cuts 40% of staff as it braces against ‘worst-case scenario’
Australian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the fallout of FTX and a potential fall in glob...
1 Million Aussies to Enter Crypto Over the Next 12 Months, Says Swyftx Survey
Australian crypto exchange Swyftx on Monday released a new study survey showing that about one million Australians will buy cryptocurrencies for the first time in the next 12 months. The new survey q...
1M Aussies will enter crypto over the next 12 months — Swyftx survey
Approximately one million Australians will purchase cryptocurrency for the first time over the next 12 months — bringing total crypto ownership in the country to over five million — according to a new...
Swyftx reduces workforce by 21 percent
Swyftx, a crypto exchange based in Australia, has reduced its workforce by about 21 percent. The exchange confirmed the development in a blog post on its official handle. According to Swyftx, the ling...
Swyftx Lays Off One Out of Five Staff on Account of Crypto Winter
Australian cryptocurrency exchange known as Swyftx with its location in the Brisbane region has announced that it is cutting down on its staff strength by 21% which means that it would be letting go o...
Amid Bearish Phase of Crypto, Swyftx Cuts its Staff by 21%
Australian crypto exchange, Swyftx recently stated about its 21% of staff lay-off. Swyftx reasoned that the cuts of its staff is inflation, recession, and bearish market trend. Swyftx is an Australian...
Aussie exchange Swyftx cuts staff by 21% amid bear market
Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the current bear market. According to a Wednesday note from co-CEOs Alex Harper and Ryan Parson...
Prominent Australian Exchange ‘Swyftx’ Lays off 21% Workforce
26 mins ago | 2 mins read Exchange News The crypto exchange announced in June that they will be combining with Superhero. Swyftx is the latest cryptocurrency company to experience growing pains. To co...
Australian Crypto Exchange Swyftx Cuts Its Workforce By 21% Amid Bear Market
The low prices of cryptocurrencies have lowered crypto services platforms’ income. As a result, it forced many crypto exchanges to lay off their staff to fight the challenging global economic conditio...
Swyftx axes employees amid market downturn 1
Swyftx crypto exchange has announced that it has decided to axe 21% of its employees amid the biting market crash. This phenomenon has continued to overtake the market as most companies look for ways ...
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...
Swyftx and Superhero merger brings crypto, shares, and pensions under one roof
Swyftx and Superhero have agreed a $1.5 billion merger and will develop a “super app” where clients can manage cryptocurrencies, shares and superannuation all in one place. According to Alex Harper,...
Aussie exchange Swyftx to offer ‘no lock-in’ yield on crypto
Swyftx exchange will begin offering interest-bearing yields on a wide range of cryptocurrency assets — the first Australian-operated crypto exchange to do so. Swyftx’s new product, called Earn, will o...
Swyftx and Aussie National Rugby League sign major sponsorship deal
Swyftx CEO Ryan Parsons said that the mass appeal of sport means it’s a hugely important way for exchanges to announce themselves Swyftx is a Brisbane-based crypto exchange Swyftx is registered in Aus...
Aussie exchange Swyftx unveils massive three-year deal with NRL
TR; DR Breakdown NRL has aggred to a three-year partnership deal with Swyftx Swyft yet to reveal how much NRL agreement is worth Cryptocurrencies are becoming increasingly popular in Australian sports...
Swyftx signs major sponsorship deal with Aussie National Rugby League
Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL). Swyftx is registered in Australia and New Zealand and offers tradi...