IG Group expands crypto footprint with acquisition of Australian exchange in potential $117 million deal

**IG Group Strengthens Cryptocurrency Market Position with $117 Million Australian Exchange Acquisition**

Financial services giant IG Group is making a significant move into the cryptocurrency trading space with a strategic acquisition of an Australian digital asset exchange worth up to $117 million. The London-based firm will initially secure a 70% controlling stake, with deal completion scheduled for 2026, while retaining a call option for the remaining 30% based on performance metrics.

This expansion represents IG Group's commitment to capturing growing demand for Bitcoin, Ethereum, and other cryptocurrency trading services in the Asia-Pacific region. The acquisition positions the company to compete more effectively in the rapidly evolving digital asset landscape, where institutional and retail investors increasingly seek regulated platforms for crypto exposure.

The deal reflects broader market consolidation trends as traditional financial institutions recognize cryptocurrency trading as a permanent fixture in global markets. With Bitcoin and major altcoins gaining mainstream acceptance, IG Group's strategic investment demonstrates confidence in long-term cryptocurrency adoption and blockchain technology integration.

This acquisition could significantly boost IG Group's revenue streams while providing Australian traders enhanced access to diversified cryptocurrency products and DeFi-related services through an established, regulated platform.