IG Group expands into crypto with A$178 million Independent Reserve purchase

Traders Union
All News
Broker News
IG Group expands into crypto

Key takeaways

- IG Group acquired Independent Reserve for A$178m (£86.8m) to expand in Asia-Pacific crypto markets.

- Independent Reserve posted A$35.3m revenue in FY2025, up 88% year on year, with 11,600 active users.

- Leadership remains in place, retaining a 30% stake, while integration with IG platforms is planned.

Independent Reserve, founded in 2013, operates across Australia and Singapore, offering trading in 34 digital assets and multiple fiat currencies. It reported strong financial momentum with revenue of A$35.3 million (£17.7 million) for the year ending June 30, 2025, an 88% increase year on year.

Strategic rationale

Matt Macklin, IG’s managing director for Asia Pacific and the Middle East, said the acquisition provides IG with a ready-made, regulated entry into key regional markets. “Independent Reserve is one of Australia’s largest and fastest-growing digital asset exchanges with established regulatory foundations, proven technology and strong leadership,” Macklin said.

For IG, the move complements its organic efforts to expand crypto offerings in the UK and US. It also aligns with its acquisition framework, which prioritizes deals based on strategic fit and financial returns.

Independent Reserve’s growth

Independent Reserve has built a strong presence in Australia, where 76% of its revenue was generated last year, with the remaining 24% from Singapore. The exchange had roughly 11,600 monthly active customers, up 60% from the prior year, with a two-year compound annual growth rate of 60%. EBITDA for the year stood at A$9.9 million (£5.0 million).

CEO Adrian Przelozny welcomed the deal, saying: “Joining IG provides us with the platform to accelerate our growth. IG’s vision aligns with our mission to provide secure, regulated crypto trading, and this transaction will enable us to expand our product and market reach.”

The leadership team will remain in place, retaining a 30% stake post-completion. Independent Reserve will continue to operate under its brand, while its services will be integrated into IG’s trading platforms.

Outlook

The acquisition not only strengthens IG’s presence in crypto but also highlights the growing importance of regulated exchanges in bridging institutional and retail markets. With its expansion into Asia-Pacific, IG positions itself to capture demand for digital asset trading in one of the world’s fastest-growing regions.

Earlier, we reported that IG Group profit up 25% in FY 2025 on strong trading income and strategic expansion.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.