IG Group acquires majority stake in crypto trading platform Independent Reserve for 109.6 million AUD
ChainCatcher reported that the online trading platform IG Group has acquired a majority stake in the Australian cryptocurrency trading platform Independent Reserve for AUD 109.6 million (USD 72.4 million).
It is reported that IG will initially acquire 70% of the company’s shares and has the right to acquire the remaining 30% based on future performance. The transaction is subject to regulatory approval and is expected to be completed in early 2026, with a total value reaching AUD 178 million (USD 117.6 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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