IG Group Acquires Majority Stake in Australian Crypto Exchange Independent Reserve for $72M Investment

Global online trading leader IG Group has secured a majority stake in Australian cryptocurrency exchange Independent Reserve through a strategic $72.4 million acquisition. This landmark transaction positions IG to capitalize on Asia-Pacific's rapidly expanding crypto markets while complementing its recent international crypto expansions. Independent Reserve stands as one of Australia's longest-operating regulated crypto platforms, offering trading across 34 digital assets in Australian and Singaporean markets. The phased acquisition begins with 70% ownership, featuring performance-based options for the remaining 30% stake pending regulatory approval. Independent Reserve demonstrates robust growth with 88% revenue increase and 60% user growth, managing over $1.1 billion in custodial assets. This strategic move provides IG immediate market access to key Asia-Pacific regions while maintaining commitment to regulated, secure digital asset trading.