Online trading platform IG Group has acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for 109.60 million Australian dollars ($72.40 million).
IG will initially acquire 70 per cent of the company, with the option to buy the remaining 30 per cent based on future performance. The deal, which is subject to regulatory approval, is expected to close in early 2026 for A $178 million (US $117.60 million).
Independent Reserve announced revenue of $23.30 million for the fiscal year ending June 2025, up 88% year-on-year. The platform also grew 60% to about 11,600 monthly active users and hosts $1.12 billion of assets from 129,400 funded accounts.
IG Group acquires majority stake in Independent Reserve for $72 million
2025-09-19 08:10:19
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