This is an abridged copy of the RNS published by IG Group Holdings. Read the full announcement here.
19 September 2025
LEI No: 2138003A5Q1M7ANOUD76
IG Group Holdings plc (“IG”, “the Group”) is pleased to announce the acquisition of Independent Reserve, a leading cryptocurrency exchange based in Australia, for an initial enterprise value of A$178 million. The bolt-on transaction accelerates IG’s entry into cryptocurrency markets in the Asia Pacific region, bringing a talented team of crypto-native specialists to the Group. It complements the strategic progress we have made, enhancing our crypto offerings organically in the UK and the US. The deal follows an extensive assessment of the cryptocurrency exchange sector and aligns with IG’s acquisition framework, which evaluates opportunities based on strategic alignment, deliverability and financial returns.
Matt Macklin, IG’s Managing Director of Asia Pacific and Middle East, commented: “This acquisition marks an important step in IG’s crypto strategy in a key region. Independent Reserve is one of Australia’s largest and fastest-growing digital asset exchanges with strong regulatory foundations, proven technology and strong leadership. I am delighted that the Independent Reserve team will join IG as they embark on their next phase of growth.”
Adrian Przelozny, CEO and co-founder of Independent Reserve, said: “Joining IG provides us with the platform to accelerate our growth. IG’s vision aligns with our mission to provide secure, regulated crypto trading, and this transaction will enable us to expand our product and market reach.”
Transaction complements IG’s organic crypto rollout
The acquisition of Independent Reserve complements the strategic progress IG has made to enhance its crypto propositions in the UK and US.
In the UK, the Group launched crypto trading in May 2025, becoming the first UK-listed company to provide the product to retail investors. Launched in partnership with Uphold, the offering includes 35 coins and is fully integrated across the IG platform and IG Invest app.
In the US, tastytrade has expanded its product range to 23 coins and enabled stablecoin account funding for investors across multiple blockchain networks. This innovative funding method allows tastytrade customers around the world to fund their brokerage accounts with stablecoins, 24/7/365, powered by Zero Hash, the leading on-chain infrastructure provider.
Subject to regulatory approvals
The acquisition’s completion is subject to regulatory approvals from MAS in Singapore and FIRB in Australia and is currently expected in early 2026.
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Disclaimer – forward-looking statements
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Forward-looking statements speak only as of the date they are made. Except as required by applicable law and regulation, IG undertakes no obligation to update these forward-looking statements.
No profit forecasts or estimates
No statement in this announcement is intended as a profit forecast or estimate for any period and should not be construed as such.
About IG
IG Group (LSEG:IGG) provides online trading platforms and educational resources to empower ambitious clients around the globe. Headquartered in the UK, IG Group is a FTSE 250 company that offers clients access to c.19,000 financial markets worldwide.
