In a significant development for the cryptocurrency market, UK-based trading firm IG Group has revealed its plans to acquire the Australian crypto exchange Independent Reserve for a staggering $1.171 billion. The publication provides the following information: this acquisition is poised to strengthen IG's foothold in the Asia-Pacific region, particularly as the company prepares for upcoming regulatory changes in the UK.
Acquisition Details
The deal involves an initial acquisition of a 70% stake in Independent Reserve for $1.096 billion, with the remaining amount contingent on performance targets. This strategic investment underscores IG Group's commitment to expanding its regulated operations in key markets such as Australia and Singapore, especially in light of new UK crypto regulations expected to take effect in 2026.
Regulatory Approvals and Future Outlook
Completion of the acquisition is anticipated in early 2026, subject to necessary regulatory approvals. This move not only highlights the growing interest in the cryptocurrency sector but also reflects IG Group's proactive approach to navigating the evolving regulatory landscape.
As of now, UK Financial LTD continues to make waves in the cryptocurrency market with the announcement of upcoming token listings on the CATEX Exchange. For more details on this significant development, check out the full article here.
