IG Group buys Australian crypto exchange Independent Reserve

UK trading powerhouse IG Group is making a strategic move into the cryptocurrency market by acquiring a 70% stake in Australian crypto exchange Independent Reserve for A$178 million ($119 million USD). This landmark acquisition, pending regulatory approval from Australian and Singapore authorities, signals IG Group's commitment to expanding its digital asset offerings amid growing institutional adoption of Bitcoin and blockchain technologies.

Independent Reserve, one of Australia's leading cryptocurrency exchanges, provides trading services for major digital currencies including Bitcoin, Ethereum, and other altcoins. The deal positions IG Group to capitalize on the surging demand for cryptocurrency trading platforms and DeFi services across the Asia-Pacific region.

This acquisition reflects the broader trend of traditional financial institutions embracing digital assets and blockchain technology. For IG Group shareholders, the move represents diversification into the high-growth cryptocurrency sector, while Independent Reserve gains access to IG's extensive global infrastructure and regulatory expertise.

The transaction is expected to enhance IG Group's competitive position in the evolving fintech landscape, offering expanded cryptocurrency trading solutions to retail and institutional clients across multiple jurisdictions.