20.09.2025 07:11

Global trading and investment titan IG Group has unveiled its strategic intent to acquire a significant stake in Independent Reserve, a prominent cryptocurrency exchange based in Australia. This move marks a crucial step for the FTSE 250-listed firm as it endeavors to significantly broaden its digital asset footprint across the dynamic Asia Pacific region, extending beyond its established crypto offerings in the UK and U.S. markets.

Under the terms of the agreement, IG Group will initially secure a 70 percent share in Independent Reserve for a sum of $72 million. This valuation places Independent Reserve's total enterprise value at approximately $117.1 million, a figure derived from a five-time revenue multiplier as of June 30. Furthermore, the deal incorporates provisions allowing IG's ownership stake to potentially increase in the coming years, contingent upon Independent Reserve achieving specific performance benchmarks.

This acquisition serves multiple strategic objectives for IG Group. It provides an expedited pathway into nascent cryptocurrency markets and facilitates the integration of a seasoned team of crypto-native experts into its operations. The purchase is designed to harmoniously complement IG's existing, organically developed cryptocurrency services available to clients in the United Kingdom and the United States. Careful deliberation preceded this decision, with the company thoroughly assessing the opportunity for its strategic alignment, practical feasibility, and projected returns.

Matt Macklin, IG's Managing Director for Asia Pacific and the Middle East, emphasized the profound importance of this acquisition to their regional cryptocurrency strategy. He lauded Independent Reserve as a rapidly expanding exchange, distinguished by its strong technological foundation and exceptional leadership. Macklin conveyed his considerable enthusiasm for welcoming the Independent Reserve team into the IG family, anticipating collaborative efforts to drive sustained growth.

Adrian Przelozny, CEO and co-founder of Independent Reserve, articulated his perspective on the transaction, noting that IG's acquisition will be instrumental in empowering his company to accelerate its growth trajectory, expand its innovative offerings, and leverage IG's extensive global resources to reach a wider audience.