IG to Acquire Independent Reserve to Boost Asia‑Pacific Crypto Expansion

UK-headquartered IG Group said it has agreed to acquire Australian crypto exchange Independent Reserve for an initial enterprise value of $117.4 million (A$178 million), accelerating IG’s push into Asia‑Pacific crypto markets and adding a crypto‑native team to the group.

IG said the bolt‑on deal complements its recent organic rollouts in the UK and US—where it launched retail crypto trading in May 2025 and tastytrade expanded coin offerings and stablecoin funding—and follows an extensive sector review aligned with its acquisition framework. Independent Reserve, described by IG as one of Australia’s largest and fastest‑growing regulated exchanges, will join the group to expand product and market reach, its CEO Adrian Przelozny said. IG’s Asia Pacific managing director Matt Macklin highlighted the target’s regulatory foundations and technology. The transaction remains subject to approvals from Singapore’s MAS and Australia’s FIRB and is expected to complete in early 2026.