TechFlow news, September 19 — According to CoinDesk, IG Group announced the acquisition of a 70% stake in Australian cryptocurrency exchange Independent Reserve for $72 million, with an option to purchase the remaining 30%. Independent Reserve is one of Australia’s earliest regulated crypto platforms, supporting trading of 34 cryptocurrencies and operating in Australia and Singapore. The deal is expected to complete in early 2026, valuing the company at $117.6 million.
For the fiscal year 2025, Independent Reserve’s revenue increased 88% year-on-year to $23.3 million, monthly active users rose 60% to 11,600, and assets under custody reached $1.12 billion. This acquisition strengthens IG Group’s presence in the Asia-Pacific crypto market and marks a significant step following its prior expansions into crypto businesses in the UK and US.
