IG Group to Acquire Australian Crypto Exchange Independent Reserve
IG Group to acquire 70% of Independent Reserve for $72M, expanding crypto presence in Asia Pacific and boosting digital assets.
IG Group, a FTSE 250-listed global trading and investment firm, announced plans to acquire Independent Reserve, one of Australia’s largest crypto exchanges. The acquisition will enhance the presence of IG in digital assets of more markets than its current markets in UK and U.S. This is in line with the move by IG to grow in Asia Pacific region.
IG Acquires 70% Stake in Independent Reserve for $72M
Independent Reserve has a first-time enterprise value of approximately 117.1 million, as calculated using a five-time revenue multiplier as of June 30. IG will purchase 70 percent of the company at a cost of about 72 million with possibility of its share growing over the next few years in case it meets certain performance standards.
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This is a step to make the company IG enter new crypto markets quicker and to attract a professional team of crypto-native experts. The acquisition is a complement to the current organically developed crypto offerings of IG in the UK and the U.S. The company has also considered this opportunity with great care in terms of strategic fit, feasibility and returns.
Matt Macklin, the Managing Director of Asia Pacific and Middle East of IG, stated that the acquisition will play a significant role in their crypto strategy in the region. He characterized Independent Reserve as a technology and leadership-based fast growing exchange. Macklin talked of the excitement of having the Independent Reserve team under IG as they strive to continue growing.
Adrian Przelozny, the CEO and co-founder at Independent Reserve, noted that the acquisition by IG will be useful in enabling the company to speed up its growth. He said that both corporations have a common vision of safe and controlled crypto trading, which will facilitate the expansion of products and markets in general.
Independent Reserve Monthly Active Users Surge 60% Pre-IG Deal
Independent Reserve is a company buying and selling 34 digital assets and it trades in various currencies. The company serves both retail and institutional clients. Additionally, regulators have approved it to operate in Australia and Singapore. As a result, IG gains immediate access to these markets and can expand further across Asia Pacific and the Middle East.
Notably, the leader and employees of Independent reserve will stay in the business and hold a 30 percent share in the business. The retention guarantees the further engagement of experienced crypto professionals who will assist in the project management in the future in IG. IG will keep the Independent Reserve brand. They will add its products to their trading platforms. First, this will happen in Australia and Singapore.
Independent Reserve financial performance is good as revenue of A35.3 million ( £17.7 million) is expected to end June 2025 which is 88 percent higher than last year. The number of customers also increased substantially with approximately 11,600 average number of active users every month, a growth of 60 percent annually.
The Monetary Authority of Singapore (MAS) and Australia’s Foreign Investment Review Board (FIRB) must approve the transaction. Once they approve it, the deal can be completed. Therefore, the transaction is expected to close by early 2026.
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Filed under: Bitcoin - @ September 20, 2025 1:30 am