British Trading Firm IG Group Acquires Aussie Crypto Exchange for
0Acquisition
Australia
The acquisition marks IG’s expansion into the APAC crypto market.
Author
Sujha Sundararajan
Author
Sujha Sundararajan
About Author
Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.
Author Profile
Share
Copied
Last updated:
9 hours ago
UK-based online trading firm IG Group has acquired Australian crypto exchange Independent Reserve in a deal worth A$178 million ($117 million) on Friday.
Per a Reuters report, the acquisition marks IG’s expansion into the APAC crypto market, enhancing its operations alongside the UK.
Independent Reserve, a prominent cryptocurrency exchange, has a strong presence in both Australia and Singapore. The platform already offers trading in 34 digital assets, serving retail and institutional investors.
Further, the exchange posted A$35.3 million revenue in the 12 months to June, nearly double the previous year.
The acquisition deal follows an extensive assessment of the crypto exchange industry, IG Group said in an official statement.
“This acquisition marks an important step in IG’s crypto strategy in a key region,” Matt Macklin, IG’s Managing Director, noted.
“Independent Reserve is one of Australia’s largest and fastest-growing digital asset exchanges with established regulatory foundations, proven technology and strong leadership. I am delighted that the Independent Reserve team will join IG as they embark on their next phase of growth.”
IG to Initially Acquire 70% of Independent Reserve.
The company noted that it will initially acquire 70% of the Aussie-based company, with the option to buy the remaining 30% based on the performance in the financial year 2027 and 2028.
“Completion is subject to regulatory approvals from MAS in Singapore and FIRB in Australia and currently expected in early 2026,” the release read.
Further, the deal is expected to be accretive to cash earnings per share in the first full financial year post-closing.
In June, IG Group became the first UK-listed company to let UK retail investors trade BTC, ETH, XRP, and 35 other tokens. Under the new offering, the company’s retail clients will be able to trade 38 cryptocurrencies via a partnership with crypto platform, Uphold.
Besides, effective 2026, the UK will require crypto firms to collect and report detailed customer information on every trade and transfer, as part of a sweeping effort to strengthen oversight in the digital asset sector.
Follow us on Google News
Trending News
RecommendedPopular Crypto TopicsPrice Predictions
Leading AI Claude Predicts the Price of XRP, Dogecoin, and Pi Coin by the End of 2025Perplexity AI Predicts the Price of XRP, Shiba Inu and Pepe by the End of 2025BREAKING: Fed Cuts Rates by 25 bps — Bitcoin & Crypto Market Reaction LIVENew ChatGPT Model Predicts the Price of XRP, Solana and Pepe by the End of 2025XRP Price Prediction: XRP ETF Set to Launch This Week – $100 Breakout Finally Coming?
Price Analysis
Shiba Inu Price Prediction: SHIB Whales Move 7 Trillion Tokens Overnight – Big Crash or Massive Rally Next?
2 days ago,
by Alejandro Arrieche
Price Analysis
XRP Price Prediction: Institutional On-Ramp Goes Live in October – XRP Can Become the Next Wall Street Darling
21 hours ago,
by Alejandro Arrieche
Industry Talk
[LIVE] Crypto News Today: Latest Updates for Sept. 17, 2025 – Crypto Market Rebounds as Bitcoin Tops $116K Ahead of...
hthttps://cryptonews.com/news/british-trading-firm-ig-group-acquires-aussie-crypto-exchange-for-117m-sets-apac-presence/#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple