IG Group Acquires Majority Stake in Australian Crypto Exchange Independent Reserve for $72M

Traditional finance heavyweight makes bold crypto move—buys controlling interest in Australia's established digital asset platform.

Strategic Expansion

IG Group just dropped $72 million to secure majority ownership of Independent Reserve, signaling institutional confidence in Australia's crypto ecosystem. The deal positions the trading giant for direct exposure to the growing digital asset market Down Under.

Market Validation

This acquisition screams institutional adoption—proving even traditional brokers can't ignore crypto's potential anymore. Independent Reserve's regulatory compliance and established user base made it an attractive target for expansion-minded players.

Because nothing says 'we believe in crypto' like writing a nine-figure check while traditional bankers still pretend blockchain is just a buzzword.