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The woody aims to fortify IG’s presumption successful the Asia-Pacific crypto marketplace and complements its caller crypto rollouts successful the U.K. and U.S., the steadfast said.
Updated Sep 19, 2025, 8:01 a.m. Published Sep 19, 2025, 8:01 a.m.
Online trading level IG Group has acquired a bulk involvement successful Australian cryptocurrency speech Independent Reserve for 109.6 cardinal Australian dollars ($72.4 million).
The deal, the company said, aims to fortify IG’s presumption successful Asia-Pacific’s fast-growing crypto markets and complements its caller crypto rollouts successful the U.K. and U.S.
Independent Reserve is 1 of Australia’s oldest regulated crypto platforms, IG’s managing manager for Asia Pacific and the Middle East, Matt Macklin, said. It besides supports trading successful 34 cryptocurrencies crossed Australian and Singaporean markets.
IG volition initially get 70% of the company, with the enactment to bargain the remaining 30% based connected aboriginal performance. The woody is taxable to regulatory approvals and expected to adjacent successful aboriginal 2026 for a full of 178 cardinal Australian dollars ($117.6 million).
Independent Reserve CEO Adrian Przelozny said the transaction gives the speech a bigger level to turn portion staying aligned with its extremity of secure, regulated trading.
The determination fills a determination merchandise spread for IG, giving the steadfast “immediate access” to Australia and Singapore.
Independent Reserve reported gross of $23.3 cardinal for the fiscal twelvemonth ending June 2025, up 88% year-over-year, the announcement adds. The level besides saw a 60% summation successful monthly progressive users, reaching astir 11,600, and has $1.12 cardinal successful assets nether custody from 129,400 funded accounts.
IG Group said the woody volition beryllium accretive to net starting successful fiscal twelvemonth 2027. Its shares are down 1.8% successful today’s trading session.
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