Online trading platform IG Group has acquired a majority share in Australian Cryptocurrency -Exchange Independent Reserve for 109.6 million Australian Dollars (72.4 million dollars).
The company said the company is aiming to strengthen the IG’s position in Asia-Stop Sea’s rapidly growing crypto markets and complements its recent crypto-rolls in the UK and the USA
Independent Reserve is one of Australia’s oldest regulated crypto platforms, said IG’s CEO of Asia and the Pacific and the Middle East, Matt Macklin. It also supports trading in 34 cryptocurrencies across Australian and Singaporic markets.
IG will initially acquire 70% of the company with the opportunity to buy the remaining 30% based on future performance. The deal is subject to regulatory approvals and is expected to close by the beginning of 2026 for a total of 178 million Australian dollars ($ 117.6 million).
Independent Reserve CEO Adrian Przelozny said the transaction gives the exchange a larger platform to grow while it remains in line with its target of secure, regulated trade.
The move fills a regional product gap for IG, giving the company “instant access” to Australia and Singapore.
Independent Reserve reported a $ 23.3 million revenue for the financial year ending June 2025, an increase of 88% year-over-year, the message adds. The platform also experienced an increase of 60% in the monthly active users who reached about 11,600 and have $ 1.12 billion in assets that are under custody from 129,400 financed accounts.
IG Group said the agreement will be accreatic for earnings starting in the financial year 2027. Its shares have fallen 1.8% in today’s trade session.
