IG Group Acquires Independent Reserve to Expand Crypto Reach

IG Group Acquires Independent Reserve in a landmark deal, as IG Group Holdings plc confirms the purchase of the Australian cryptocurrency exchange for A$178 million (£86.8 million). The acquisition strengthens IG’s digital asset strategy and expands its footprint in key global markets. It also enables IG to immediately enter the regulated crypto markets in Australia and Singapore while creating future opportunities to grow across the Asia Pacific and Middle East regions.

The Managing Director of Asia Pacific and Middle East at IG, Matt Macklin, emphasized that the transaction strengthens IG’s presence in a key region, highlighting Independent Reserve’s proven technology, regulatory track record, and strong leadership. At the same time, Independent Reserve’s CEO and co-founder, Adrian Przelozny, expressed optimism that joining IG will accelerate growth and broaden the company’s product and market reach. 

IG Group Acquires Independent Reserve to Expand Crypto Reach

Independent Reserve currently provides trading in 34 digital assets across multiple currencies, serving both retail and institutional investors. The leadership team and employees will remain in place, keeping a collective 30% shareholding at completion while contributing their crypto-native expertise to IG’s future propositions. Moreover, IG will retain the Independent Reserve brand and integrate its offerings into IG’s trading platforms, beginning with Australia and Singapore. 

Financially, Independent Reserve has demonstrated rapid growth. For the 12 months ending June 30, 2025, revenue reached A$35.3 million (£17.7 million), up 88% from the prior year and showing a compound annual growth rate of 70% over two years. EBITDA for the same period stood at A$9.9 million (£5 million). Customer activity also surged, with an average of 11,600 monthly active users, representing 60% growth year-on-year. Approximately three-quarters of the revenue came from Australia and one-quarter from Singapore. Under the agreement, IG will initially acquire 70% of Independent Reserve for A$109.6 million (£53.4 million), with an additional A$15 million (£7.3 million) tied to performance in FY26. 

The company also holds a call option to buy the remaining 30% stake based on the results in FY27 and FY28. Completion is expected in early 2026, pending regulatory approvals from MAS in Singapore and FIRB in Australia. This acquisition follows IG’s broader push into digital assets. In May 2025, the company launched spot crypto trading in the UK with Uphold, offering 35 coins. Meanwhile, in the US, its tastytrade platform expanded to 23 coins and introduced stablecoin account funding through Zero Hash, enhancing accessibility for global investors.

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