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UK trading platform IG Group buys Australian crypto exchange - Finance news and analysis from Global Banking & Finance Review
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UK trading platform IG Group buys Australian crypto exchange

Published by Global Banking & Finance Review

Posted on September 19, 2025

1 min read

· Last updated: September 19, 2025

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IG Group Expands Reach with Acquisition of Australian Crypto Exchange

(Reuters) - British online trading platform IG Group said on Friday it had acquired Australian cryptocurrency exchange Independent Reserve for A$178 million ($117.41 million), expanding its digital offerings and presence in the Asia-Pacific region.

IG said the deal is expected to be accretive to cash earnings per share in the first full financial year after closing it. (This story has been corrected to fix IG Group's ticker symbol in paragraph 1)

($1 = 1.5161 Australian dollars)

(Reporting by Ankita Bora in Bengaluru; Editing by Rashmi Aich)

Key Takeaways

  • IG Group acquires Independent Reserve for A$178 million.
  • The acquisition expands IG's digital offerings.
  • The deal enhances IG's presence in the Asia-Pacific region.
  • The acquisition is expected to be accretive to earnings.
  • The transaction is valued at $117.41 million.

Frequently Asked Questions

What did IG Group acquire?
IG Group acquired the Australian cryptocurrency exchange Independent Reserve for A$178 million.
How will the acquisition impact IG Group's earnings?
The deal is expected to be accretive to cash earnings per share in the first full financial year after closing.
What is the value of the acquisition in US dollars?
The acquisition is valued at approximately $117.41 million.

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