IG Group Buys Australian Crypto Exchange for $117M to Boost Global Reach
UK-based trading company IG Group has announced the purchase of the Australian crypto exchange Independent Reserve for around $117 million. This marks a big step for IG Group as it looks to expand its reach in the crypto trading industry and strengthen its position in the fast-growing Asia-Pacific market.
The company said this acquisition will start adding to its profits and earnings per share from the very first year, showing strong financial benefits for investors.
Independent Reserve is one of the most trusted and established crypto exchanges in Australia. It serves thousands of customers, including both retail traders and institutional investors. By becoming part of IG Group, the platform will now be able to grow even faster and offer more services, stronger security, and better access to digital assets.
For IG Group, this deal is more than just a buyout. It is a strategic move to build a bigger role in global crypto markets, which are becoming more competitive as demand for digital assets keeps rising.
The deal is still waiting for approval from regulators. Once cleared, IG Group will become one of the stronger names in crypto trading, with a solid footprint in Australia and beyond.
Impact:
If approved, the deal could boost IG Group’s growth in crypto and possibly attract more traders in the Asia-Pacific digital asset market.
