Catenaa, Wednesday, September 24, 2025- FTSE 250-listed trading and investment firm IG Group announced Friday it will acquire a 70% stake in Australian crypto exchange Independent Reserve, valuing the platform at approximately $117 million.
The deal is part of IG’s expansion of its digital asset services beyond the U.K. and U.S., with completion expected in early 2026.
IG will initially pay $72 million for the majority stake, rising to $82 million if performance targets are met in the 2026 financial year.
The group retains a call option to acquire the remaining 30% based on results in 2027 and 2028. Independent Reserve’s leadership and staff will remain in place, with the brand and platform continuing operations in Australia and Singapore.
Independent Reserve reported revenues of roughly $23.9 million in the past year, nearly doubling from the previous period, with 76% generated in Australia and 24% in Singapore.
The exchange counts about 11,600 monthly active customers, a 60% increase year-over-year, offering trading across 34 digital assets.
IG said the acquisition provides regulated access to the Australian and Singaporean markets and expands opportunities across Asia-Pacific and the Middle East.
The company has already rolled out retail crypto services in the U.K. and U.S., including 35 cryptocurrencies through its partnership with Uphold and 23 cryptocurrencies in its U.S. brokerage arm, Tastytrade.
Regulatory approval from Australia’s FIRB and Singapore’s MAS is required before the deal can be finalized. IG’s Managing Director for Asia Pacific & Middle East, Matt Macklin, described the acquisition as a critical step in the firm’s global crypto strategy.
Independent Reserve CEO Adrian Przelozny noted the partnership will accelerate growth and broaden market reach.
