IG Group’s Expansion into the Asia-Pacific Region
On September 19, 2025, British online trading platform IG Group announced its acquisition of Australian cryptocurrency exchange Independent Reserve for A$178 million (approximately $117 million). This strategic move aims to enhance IG Group’s digital asset services and strengthen its presence in the Asia-Pacific (APAC) region.
Independent Reserve, established in 2013, is one of Australia’s oldest regulated crypto platforms. It supports trading in 34 cryptocurrencies across Australian and Singaporean markets, serving both retail and institutional investors. In the fiscal year ending June 2025, the exchange reported revenue of A$35.3 million, nearly doubling its previous year’s performance.
IG Group will initially acquire a 70% stake in Independent Reserve, with an option to purchase the remaining 30% based on the exchange’s performance in the financial years 2027 and 2028. The deal is subject to regulatory approvals from the Monetary Authority of Singapore (MAS) and the Foreign Investment Review Board (FIRB) in Australia, with completion expected in early 2026.
Matt Macklin, IG’s Managing Director for Asia Pacific and the Middle East, stated, “Independent Reserve is one of Australia’s largest and fastest-growing digital asset exchanges with established 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.”
IG Group’s Broader Crypto Strategy
This acquisition aligns with IG Group’s broader strategy to expand its cryptocurrency offerings. In June 2025, IG became the first UK-listed company to allow retail investors to trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and 35 other tokens directly. This was achieved through a partnership with the crypto platform Uphold, enabling IG’s retail clients to trade 38 cryptocurrencies.
The move into the APAC region is timely, considering the region’s rapid adoption of digital assets and the increasing demand for regulated trading platforms. By integrating Independent Reserve’s established presence in Australia and Singapore, IG Group positions itself to capitalize on the growing crypto market in these countries.
Regulatory Landscape and Future Implications
The acquisition comes at a time when regulatory frameworks for cryptocurrencies are evolving. In the UK, starting January 2026, crypto firms will be required to collect and report detailed customer information on every trade and transfer. This initiative aims to strengthen oversight in the digital asset sector and aligns with global efforts to enhance transparency and security in crypto transactions.
For IG Group, the acquisition of Independent Reserve not only expands its geographical footprint but also enhances its capabilities to navigate and comply with diverse regulatory environments. This strategic positioning is crucial as the company seeks to offer comprehensive and compliant crypto trading services to a global clientele.
In conclusion, IG Group’s acquisition of Independent Reserve marks a significant milestone in its crypto strategy, reflecting a commitment to expanding its digital asset services and strengthening its presence in key global markets.
