The IG Group online trade platform has acquired a majority participation in the Independent Australian cryptocurrency exchange reserve for 109.6 million Australian dollars ($ 72.4 million).
The agreement, said the company, aims to strengthen the position of Ig in the rapid-growth-pool cryptographic markets and complements its recent crypto deployments in the United Kingdom and the US.
Independent Reserve is one of the oldest regulated cryptographic platforms in Australia, the IG managing director for Pacific and the Middle East, Matt Macklin, he said. It also admits the trade of 34 cryptocurrencies in the Australian and Singapurenses markets.
Initially, IG will acquire 70% of the company, with the option to buy the remaining 30% depending on future performance. The agreement is subject to regulatory approvals and is expected to be closed at the beginning of 2026 for a total of 178 million Australian dollars ($ 117.6 million).
The Independent Reserve CEO, Adrian Przelozny, said that the transaction gives the exchange a larger platform to grow while keeping aligned with its objective of safe and regulated operations.
The measure fills a regional product space for IG, which gives the company “immediate access” to Australia and Singapore.
Independent Reserve reported revenues of $ 23.3 million for the fiscal year ending in June 2025, 88% more year after year, adds the announcement. The platform also saw a 60% increase in monthly active users, reaching around 11,600, and has $ 1.12 billion in assets in custody of 129,400 financed accounts.
IG Group said the agreement will accumulate for profits from fiscal year 2027. Its shares have dropped 1.8% in the current negotiation session.
