IG Group Acquires Majority Stake in Independent Reserve to Expand Crypto Footprint
IG Group has secured a AU$109.6 million majority stake in Australian cryptocurrency exchange Independent Reserve, marking a strategic push into Asia-Pacific digital asset markets. The deal accelerates IG's competitive positioning by integrating a regulated platform with existing operations in Australia and Singapore.
Traditional finance's encroachment into crypto continues unabated. IG's acquisition mirrors institutional confidence in digital assets, leveraging Independent Reserve's infrastructure for immediate regional access. The move signals broader industry consolidation as legacy players vie for market share.