British fintech giant IG Group has finalized the acquisition of Independent Reserve, one of Australia’s leading cryptocurrency exchanges, for A$178 million (approximately $117 million USD). This strategic move marks a significant step for IG Group as it seeks to strengthen its position in the rapidly growing Asia-Pacific digital asset market.
Independent Reserve offers trading in major cryptocurrencies such as Bitcoin, Ethereum, and a range of altcoins, catering to both retail and institutional clients. By integrating Independent Reserve’s platform and user base, IG Group aims to broaden its crypto offerings, enhance liquidity, and provide a more localized service experience across Australia, New Zealand, and neighboring markets.
According to IG Group’s executives, the acquisition is part of a long-term strategy to diversify revenue streams beyond traditional CFDs and forex trading, reflecting the increasing demand for digital assets among retail and institutional investors in the region. The deal also positions IG Group to potentially introduce new products, such as crypto derivatives and staking services, leveraging Independent Reserve’s established infrastructure and regulatory approvals.
Industry analysts note that the Asia-Pacific crypto market has been experiencing rapid adoption and regulatory clarity, making it an attractive region for traditional financial institutions to enter. By acquiring Independent Reserve, IG Group not only gains a foothold in this growth market but also signals confidence in the long-term potential of digital assets as part of mainstream financial services.
The transaction was completed following approval from Australian regulators, and integration plans are already underway to ensure a smooth transition for Independent Reserve’s existing clients.
