IG Group acquires majority stake in Independent Reserve for $72 million
Source: Htx
Time: 2025-09-19 16:10:43
Huobi HTX reported that online trading platform IG Group acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for AUD 109.6 million (USD 72.4 million).
IG will first acquire 70% of the company and have the option to purchase the remaining 30% based on future performance. The transaction still needs regulatory approval and is expected to be completed in early 2026, with a total amount of AU$178 million (approximately US$117.6 million).
Independent Reserve announced that its revenue was US$23.3 million for the fiscal year ended June 2025, an increase of 88% year-on-year. The platform's monthly active users also grew by 60%, reaching about 11,600 people, and hosts $1.12 billion in assets from 129,400 capital infusion accounts.