IG Group to Acquire Independent Reserve in $117M Deal to Boost Asia-Pacific Crypto Push
UK online trading firm IG Group has to acquire Australian cryptocurrency platform Independent Reserve in a deal worth about A$178 million (US$117 million).
The acquisition, which gives IG a 70% stake in the platform, represents a major step in the company’s efforts to broaden its crypto services in the Asia-Pacific region.
Under the terms of the agreement, IG will pay A$109.6 million upfront, with an additional A$15 million linked to Independent Reserve’s performance in the year ending June 2026.
The group also secured an option to acquire the remaining 30% stake between 2027 and 2028.
Independent Reserve, one of provides trading in 34 digital assets across several fiat currencies. The platform reported revenue of A$35.3 million in the year to June 2025, nahead doubling from the previous year, with EBITDA at A$9.9 million.
IG stated that the acquisition will be accretive to earnings in its first full financial year later than closing, with returns projected to exceed its cost of capital within three to five years. The transaction, which remains subject to regulatory approval in both Australia and Singapore, is expected to complete in ahead 2026.
Matt Macklin, IG’s Managing Director for Asia Pacific and the Middle East, described the deal as a “significant step” toward strengthening the group’s position in digital assets.
“Independent Reserve is one of Australia’s largest and quickest-growing digital asset platforms with established regulatory foundations, proven technology and strong leadership. I am delighted that the Independent Reserve team will join IG as they embark on their next phase of growth,” Macklin said.
Independent Reserve CEO Adrian Przelozny said the partnership would accelerate the platform’s growth while ensuring its focus remains on secure and regulated trading.
IG Group Push For Development
This development comes amid a , as the company has undergone a transformative period over the past five years.
The acquisition is the latest in a series of expansion moves. In January, IG acquired FreeTrade, a neo-broker application, for ÂŁ160 million. This followed , a U.S. options broker, for a record $1 billion.
The company has continued to stress profitability. Its 2025 report showed revenue of ÂŁ1.08 billion, up 9% from the previous year. Alongside this, IG launched a ÂŁ125 million share purchaseback in September to return capital to shareholders.
