Back

IG Finalizes Acquisition of Australian Crypto Exchange Independent Reserve

IG Group, after MAS approval, completes its majority purchase of Independent Reserve and eyes full ownership by early 2026 for $117.6 million.

Summary

IG Group closed its acquisition of crypto trading platform Independent Reserve on February 5 following approval from the Monetary Authority of Singapore. The UK-based firm purchased 70% of the Australian exchange in September for $72 million and plans to acquire the remaining 30% by early 2026, bringing the total deal value to AUD 178 million ($117.6 million). The move aligns with IG’s strategy to expand regulated digital asset services across Asia-Pacific and the Middle East.

Terms & Concepts
  • Cryptocurrency Exchange: A digital marketplace where users can buy, sell, and trade cryptocurrencies.
  • Acquisition: A corporate action in which one company purchases most or all of another company's shares or assets to gain control.
  • Monetary Authority of Singapore (MAS): The central bank and financial regulatory authority of Singapore, responsible for overseeing financial institutions and markets.