IG Group bought most stakes at the Australian Crypto Exchange Independent Reserve for $ 72M

The online trading platform IG Group gets a predominantly stake in the Australian Cryptocurrency Exchange Independent Reserve for 109.6 million dollars of Australia ($ 72.4 million).
The deal, the The company saidaims to strengthen IG’s position in the rapid growth of Asia-Pacific crypto markets and filling up recently Crypto Rollout In the UK and the US
The Independent Reserve is one of the oldest regulated Crypto platforms of Australia, the director of the IG director for the Asia Pacific and the Middle East, Matt Macklin. It also supports trading in 34 cryptocurrencies throughout the Australian and Singaporean markets.
IG first gets 70% of the company, with the option to buy the remaining 30% based on future performance. The deal is subject to regulatory approval and is expected to close in early 2026 for Australia’s total 178 million dollars ($ 117.6 million).
Independent Reserve CEO Adrian Przelozny said the transaction provides the exchange of a larger platform to grow while remains aligned with its goal of safe, regulated trading.
The move fills a regional product gap for IG, which provides the “immediate access” firm to Australia and Singapore.
The Independent Reserve reported the revenue of $ 23.3 million for the fiscal year ending in June 2025, up to 88% year-year, the announcement was added. The platform also saw a 60% increase in the monthly active user, reaching around 11,600, and there was $ 1.12 billion in properties under caution from 129,400 funded accounts.
The IG Group said the deal would be acclative in revenues since fiscal year 2027. Its shares have dropped 1.8% in today’s trading session.