IG Group Holdings has announced the acquisition of Independent Reserve, a leading Australian cryptocurrency exchange, for an initial enterprise value of A$178.0 million (£86.8 million).

Matt Macklin, Managing Director of Asia Pacific & Middle East at IG, said the deal represents “an important step in IG’s crypto strategy in a key region.” He highlighted Independent Reserve’s strong regulatory foundations, proven technology, and established leadership, expressing enthusiasm that its team will join IG for the next phase of growth.

Moreover, Independent Reserve CEO and co-founder Adrian Przelozny added that joining IG provides the platform to accelerate expansion. “IG’s vision aligns with our mission to provide secure, regulated crypto trading, and this transaction will enable us to broaden our product and market reach,” he noted.

Independent Reserve Joins IG Group in Strategic Crypto Acquisition

The exchange offers trading in 34 digital assets across multiple currencies, serving both retail and institutional clients, with operational permissions in Australia and Singapore. Furthermore, IG gains immediate access to these markets, with potential to expand offerings across the Asia Pacific and Middle East. Independent Reserve’s leadership team and employees will remain in place, retaining a collective 30% shareholding, ensuring crypto-native expertise continues to guide future initiatives.

Independent Reserve reported revenue of A$35.3 million (£17.7 million) for the 12 months ending 30 June 2025, up 88% from the previous year, with EBITDA of A$9.9 million (£5.0 million). Average monthly active customers reached approximately 11,600, a 60% year-on-year increase.

IG will acquire 70% of Independent Reserve for A$109.6 million (£53.4 million), with an additional A$15.0 million (£7.3 million) contingent on FY26 performance. IG also holds a call option for the remaining 30%, subject to future performance. Completion is pending regulatory approvals from Singapore’s MAS and Australia’s FIRB, expected in early 2026.

Also, this acquisition strengthens IG’s global crypto strategy, complementing recent launches in the UK and US, including spot crypto trading with Uphold and expanded coin offerings via tastytrade, enhancing IG’s integrated crypto platform worldwide.

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