IG Group has acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for AUD 109.6 million (USD 72.4 million). The acquisition aims to enhance IG's footprint in the Asia-Pacific crypto market, which is rapidly expanding. Initially, IG will secure 70% of Independent Reserve, with an option to buy an additional 30% contingent on future performance. Independent Reserve is one of Australia’s oldest regulated crypto platforms, supporting 34 cryptocurrencies and catering to both Australian and Singaporean markets. The deal awaits regulatory approval and is expected to finalize in early 2026, totaling AUD 178 million (USD 117.6 million). Independent Reserve reported an impressive fiscal year with $23.3 million in revenue and a 60% increase in monthly active users. The acquisition is projected to contribute positively to IG's earnings starting in fiscal year 2027. However, IG's shares fell by 1.8% on the day of the announcement.

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