IG Group closes $117.41M acquisition of Australian crypto exchange

IG Group, the London-based financial services giant, has successfully completed its $117.41 million acquisition of Independent Reserve, one of Australia's leading cryptocurrency exchanges. This strategic move positions IG Group to capitalize on the rapidly expanding digital asset market and strengthen its presence in the Asia-Pacific region's thriving crypto ecosystem.

The acquisition gives IG Group direct access to Bitcoin, Ethereum, and other major cryptocurrency trading services, allowing the company to offer comprehensive blockchain-based investment solutions to its global client base. Independent Reserve, established as a premier Australian crypto platform, brings significant expertise in digital asset custody, DeFi integration, and institutional-grade security protocols.

This $117.41 million deal reflects the growing institutional adoption of cryptocurrency services and highlights the increasing value of established crypto exchange platforms. Market analysts view this acquisition as a strategic expansion that could drive significant revenue growth for IG Group while positioning the company at the forefront of the evolving digital finance landscape. The merger is expected to enhance cryptocurrency accessibility for retail and institutional investors across multiple markets.