IG Group has acquired a majority stake in Australian crypto exchange Independent Reserve for $72.4 million. The deal aims to strengthen IG’s position in Asia-Pacific’s crypto markets. Independent Reserve supports trading in 34 cryptocurrencies across Australia and Singapore. IG will initially acquire 70% of the company, with an option for the remaining 30% based on performance, totaling $117.6 million. The deal is expected to close in early 2026 pending regulatory approvals. Independent Reserve reported revenue of $23.3 million for the fiscal year ending June 2025, up 88% year-over-year, with 11,600 monthly active users and $1.12 billion in assets under custody from 129,400 funded accounts. The deal is expected to be accretive to earnings for IG Group starting in fiscal year 2027.

Read more at Yahoo Finance.: IG Group Buys Majority Stake in Australian Crypto Exchange Independent Reserve for $72M