IG Group Buys Independent Reserve for $117 Million in Asia-Pacific Crypto Push

IG Group, the UK trading platform, acquired Australia’s in a deal valued at A$178 million (~$117.41M). The move signals IG’s push into digital assets across Asia and the Middle East.

IG said the acquisition will be accretive to cash earnings per share in the first full financial year post-close.

According to reports, the purchase of Independent Reserve by IG Group aligns with the latter’s efforts to expand its digital services and presence in the Asia-Pacific region.

Independent Reserve holds licenses in both Australia and Singapore, serving retail and institutional clients. IG confirmed the deal will help extend its reach into the Middle East, according to Matt Macklin, IG’s Managing Director for Asia-Pacific and MENA.

Macklin called the exchange a key pillar of IG’s crypto strategy in high-growth regions.

Independent Reserve’s leadership and employees will remain, with staff retaining a 30% stake. CEO and co-founder Adrian Przelozny said joining IG allows the firm to accelerate growth while maintaining a secure, regulated trading framework.

He added that IG’s resources align with Independent Reserve’s long-term vision for expanding its product suite and market reach.

Independent Reserve reportedly generated A$35.3 million in revenue in FY25. That is a significant increase from the previous year, when it recorded a revenue of A$18.8 million. The crypto exchange also reported EBITDA of A$9.9 million with a 28.2% margin.

The platform generated revenue through the activities of its 124,900 funded accounts, with A$1.7 billion in assets under custody and an average of 116,000 monthly active customers.