IG Group Buys Majority Stake in Australian Crypto Exchange Independent Reserve for $72M

Online trading platform IG Group has acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for 109.6 million Australian dollars ($72.4 million). The deal, the company said , aims to strengthen IG’s position in Asia-Pacific’s fast-growing crypto markets and complements its recent crypto rollouts in the ￰0￱ ￰1￱ Reserve is one of Australia’s oldest regulated crypto platforms, IG’s managing director for Asia Pacific and the Middle East, Matt Macklin, ￰2￱ also supports trading in 34 cryptocurrencies across Australian and Singaporean ￰3￱ will initially acquire 70% of the company, with the option to buy the remaining 30% based on future ￰4￱ deal is subject to regulatory approvals and expected to close in early 2026 for a total of 178 million Australian dollars ($117.6 million).

Independent Reserve CEO Adrian Przelozny said the transaction gives the exchange a bigger platform to grow while staying aligned with its goal of secure, regulated ￰5￱ move fills a regional product gap for IG, giving the firm “immediate access” to Australia and ￰6￱ Reserve reported revenue of $23.3 million for the fiscal year ending June 2025, up 88% year-over-year, the announcement ￰7￱ platform also saw a 60% increase in monthly active users, reaching around 11,600, and has $1.12 billion in assets under custody from 129,400 funded ￰8￱ Group said the deal will be accretive to earnings starting in fiscal year ￰9￱ shares are down 1.8% in today’s trading session.