The IG Group online trading platform has acquired majority participation in the independent reserve for the exchange of Australian cryptocurrency for 109.6 million Australian dollars ($ 72.4 million).
The agreement, said the company, aims to strengthen IG’s position on rapidly growing cryptographic markets in Asia-Pacific and completes its recent crypto deployments in the United Kingdom and the United States
Independent Reserve is one of the oldest regulated cryptography platforms in Australia, said Matt Macklin, director general of the IG, the director general of IG for Asia-Pacific and the Middle East. It also supports trade in 34 cryptocurrencies in the Australian and Singaporean markets.
IG initially acquires 70% of the company, with the possibility of buying the remaining 30% depending on future performance. The agreement is subject to regulatory approvals and should end at the start of 2026 for a total of $ 178 million Australian dollars ($ 117.6 million).
The CEO of Reserve independent, Adrian Przelozny, said that the transaction gives the exchange a more important platform to develop while remaining aligned with its objective of secure and regulated negotiation.
This decision fills a regional product gap for IG, giving the company “immediate access” to Australia and Singapore.
Independent Reserve declared a turnover of $ 23.3 million for the financial year ending in June 2025, up 88% in annual shift, adds the ad. The platform also experienced a 60% increase in monthly active users, reaching around 11,600, and has $ 1.12 billion in detention from 129,400 funds funded.
IG Group said that the agreement would be accreditive to profits from the 2027 fiscal year. Its shares are down 1.8% during today’s negotiation session.
