The online negotiation company based in the United Kingdom, IG Group, acquired an independent Australian reserve Crypto Exchange in an agreement worth $ 178 million ($ 117 million) on Friday.
According to a Reuters report, the acquisition marks the expansion of the IG on the APAC cryptography market, improving its operations alongside the United Kingdom.
Independent reserve, an important cryptocurrency exchange, has a strong presence in Australia and Singapore. The platform already offers 34 digital asset exchanges, serving retail and institutional investors.
In addition, the scholarship registered a turnover of $ 35.3 million in the 12 months until June, almost double the previous year.
The acquisition agreement follows an in -depth assessment of the crypto exchange industry, IG Group said in an official press release.
“This acquisition marks an important step in IG’s cryptographic strategy in a key region,” noted Matt Macklin, Managing Director of IG.
“The independent reserve is one of the most important and fastest digital asset exchanges in Australia with established regulatory foundations, proven technology and solid leadership. I am delighted that the independent reserve team is joining the IG while they are embarking on their next growth phase. ”
IG to initially acquire 70% of the independent reserve
The company noted that it initially acquires 70% of the Australian company, with the possibility of buying the remaining 30% depending on the performance of the year 2027 and 2028.
“The completion is subject to Mas regulatory approvals in Singapore and Firb in Australia and currently expected at the beginning of 2026,” the statement said.
In addition, the agreement should be accretive to make a profit by action by action during the first full financial year after the fence.
In June, IG Group became the first company listed in the United Kingdom to allow British retail investors to negotiate BTC, ETH, XRP and 35 other tokens. As part of the new offer, the company’s retail customers will be able to exchange 38 cryptocurrencies via a partnership with Crypto Platform, Remolt.
In addition, from 2026, the United Kingdom will require that cryptographic companies collect and report detailed information on customers on each profession and transfer, as part of a radical effort to strengthen the surveillance of the digital asset sector.
The British trading company IG Group acquires an exchange of Australian crypto for $ 117 million, the sets of the presence of Apac appeared first on Cryptonews.
