Financial and Business News

IG Group Expects to Launch “a Crypto Proposition”

Friday, 30/01/2026 | 07:59 GMT by Arnab Shome
  • It is planning crypto services for Singapore, Australia, and the UAE following its acquisition of Independent Reserve.
  • The crypto exchange is regulated in Singapore and Australia.
IG Group

IG Group expects to launch “a crypto proposition” for its customers in Singapore, Australia, and the UAE in the second half of 2026, following the completion of its acquisition of Independent Reserve, a crypto exchange.

Expanding Crypto Services in APAC and the Middle East

Although the London-listed broker announced its decision to acquire Independent Reserve last September, the acquisition was completed today (Friday). The initial enterprise value of the deal was set at AU$178 million.

The deal was completed after receiving approval from the Singapore regulator.

“This acquisition strengthens our crypto capabilities and positions us to meet growing customer demand across APAC and the Middle East,” said Matt Macklin, Managing Director of Asia Pacific and the Middle East at IG.

Matt Macklin, Managing Director of Asia-Pacific & Middle East at IG
Matt Macklin, Managing Director of Asia-Pacific & Middle East at IG

Under the terms of the deal, IG also onboarded the leadership team and employees of the crypto exchange, who will retain a 30 per cent shareholding.

“Combining our crypto expertise with IG’s scale across APAC and the Middle East supports our aim to bring trusted, regulated crypto trading to a wider audience,” added Adrian Przelozny, CEO and co-founder of Independent Reserve.

Bringing Value with Crypto

Adrian Przelozny, CEO and co-founder of Independent Reserve
Adrian Przelozny, CEO and co-founder of Independent Reserve

Independent Reserve generated A$35.3 million in revenue in FY25, a sharp increase from A$18.8 million in the previous year. It also reported EBITDA of A$9.9 million, with a margin of 28.2 per cent.

The platform has 129,400 funded accounts, with A$1.7 billion in assets under custody, and an average of 116,000 monthly active customers.

IG previously stated that it valued Independent Reserve at five times its annual revenue for the last financial year.

The London-listed broker’s interest in crypto became clearer when it began offering digital assets to its customers in June through a partnership with Uphold. It also became the first UK-listed broker to secure the Financial Conduct Authority’s crypto registration.

FinanceMagnates.com earlier reported that IG generated £0.3 million in revenue from spot cryptocurrency trading between June and August last year. The total number of active monthly crypto traders also reached 9,700.

IG Group expects to launch “a crypto proposition” for its customers in Singapore, Australia, and the UAE in the second half of 2026, following the completion of its acquisition of Independent Reserve, a crypto exchange.

Expanding Crypto Services in APAC and the Middle East

Although the London-listed broker announced its decision to acquire Independent Reserve last September, the acquisition was completed today (Friday). The initial enterprise value of the deal was set at AU$178 million.

The deal was completed after receiving approval from the Singapore regulator.

“This acquisition strengthens our crypto capabilities and positions us to meet growing customer demand across APAC and the Middle East,” said Matt Macklin, Managing Director of Asia Pacific and the Middle East at IG.

Matt Macklin, Managing Director of Asia-Pacific & Middle East at IG
Matt Macklin, Managing Director of Asia-Pacific & Middle East at IG

Under the terms of the deal, IG also onboarded the leadership team and employees of the crypto exchange, who will retain a 30 per cent shareholding.

“Combining our crypto expertise with IG’s scale across APAC and the Middle East supports our aim to bring trusted, regulated crypto trading to a wider audience,” added Adrian Przelozny, CEO and co-founder of Independent Reserve.

Bringing Value with Crypto

Adrian Przelozny, CEO and co-founder of Independent Reserve
Adrian Przelozny, CEO and co-founder of Independent Reserve

Independent Reserve generated A$35.3 million in revenue in FY25, a sharp increase from A$18.8 million in the previous year. It also reported EBITDA of A$9.9 million, with a margin of 28.2 per cent.

The platform has 129,400 funded accounts, with A$1.7 billion in assets under custody, and an average of 116,000 monthly active customers.

IG previously stated that it valued Independent Reserve at five times its annual revenue for the last financial year.

The London-listed broker’s interest in crypto became clearer when it began offering digital assets to its customers in June through a partnership with Uphold. It also became the first UK-listed broker to secure the Financial Conduct Authority’s crypto registration.

FinanceMagnates.com earlier reported that IG generated £0.3 million in revenue from spot cryptocurrency trading between June and August last year. The total number of active monthly crypto traders also reached 9,700.

Topics
IG Group
crypto exchange
About the Author: Arnab Shome
Arnab Shome
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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

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