Caleb & Brown Seizes Untapped Crypto Opportunity in UK Market
Caleb & Brown, an Australian crypto brokerage owned by the Swyftx Group, has expanded its services to the UK market. The move targets high-net-worth clients in the region and comes a year after the firm was acquired for over $100 million.
According to Swyftx co-CEO Andrea Yuen, the UK represents an untapped opportunity due to lower levels of crypto adoption compared to other markets. 'If you compare the UK to areas like the US, Asia, and Australia, the level of investing in Bitcoin and other alternative risk assets is four or even five times lower,' she said.
Chainalysis' 2025 Global Crypto Adoption Index ranks the UK 11th globally. The Financial Conduct Authority estimates that 8% of people in the UK own crypto, a figure down from last year but with increased typical value held by investors.