IG Group’s First Spot Crypto Numbers: £0.3M Revenue, 9,700 Active Monthly Traders

Thursday, 25/09/2025 | 08:52 GMT by Arnab Shome
  • The broker started offering spot cryptocurrencies in the UK and Ireland last June.
  • Crypto traders in the British Isles are far more lucrative than those in the US.
IG group logo (shutterstock)

IG Group (LON: IGG) generated £0.3 million in revenue from spot cryptocurrency trading between June and August, the company revealed in its latest financial filing. The total number of active monthly crypto traders also reached 9,700.

IG Jumps into Crypto

The London-listed company began offering spot cryptocurrencies to users in the United Kingdom and Ireland last June through a partnership with Uphold. In the United States, it offers crypto trading under tastytrade.

According to the broker’s latest financials, it generated £0.1 million in trading revenue from spot crypto in the UK and Ireland, while the figure was double at £0.2 million in the US.

Interestingly, there were only 500 monthly active crypto traders in the UK and Ireland. In the US, the figure was 9,200, meaning that crypto traders on IG in the UK and Ireland are far more lucrative than those in the US.

FinanceMagnates.com earlier reported that the net trading revenue of IG in Q1 dropped 4 per cent to £231.9 million. Its total revenue dipped a 7 per cent due to a 24 per cent dent in its interest income.

Read more: Inside IG Group’s FY25 Results

When it comes to first-time crypto traders—meaning traders who opened their first crypto trade—IG attracted 900 in the UK and Ireland. In the US, the figure was 1,800.

Breon Corcoran, the CEO of IG Group
Breon Corcoran, CEO of IG Group

Demand for crypto trading on IG has surged. Net crypto trading revenue in the country doubled, while the average number of monthly active customers jumped 37 per cent year on year and 9 per cent quarter on quarter.

It should be noted that tastytrade expanded its range of tradable cryptocurrencies from four to 23 last fiscal year and enabled cryptocurrency deposits and withdrawals for seven digital assets.

An Acquisition Reveals the Big Plans

Meanwhile, IG’s interest in capturing the cryptocurrency market became clearer recently when it announced an agreement to acquire a majority stake in Independent Reserve, an Australia- and Singapore-regulated crypto exchange, for an initial enterprise value of A$178 million (£86.8 million).

Independent Reserve generated A$35.3 million in revenue in FY25, a substantial increase from the previous year’s A$18.8 million. It also reported EBITDA of A$9.9 million with a 28.2 per cent margin. It has 129,400 funded accounts with A$1.7 billion in assets under custody and an average of 11,600 monthly active customers.

Pending regulatory approval, IG will initially buy a 70 per cent stake in the crypto exchange and will have a call option to purchase the remaining 30 per cent from the exchange’s leadership and employees, based on its performance in FY27 and FY28.

Read more on IG:

IG Group (LON: IGG) generated £0.3 million in revenue from spot cryptocurrency trading between June and August, the company revealed in its latest financial filing. The total number of active monthly crypto traders also reached 9,700.

IG Jumps into Crypto

The London-listed company began offering spot cryptocurrencies to users in the United Kingdom and Ireland last June through a partnership with Uphold. In the United States, it offers crypto trading under tastytrade.

According to the broker’s latest financials, it generated £0.1 million in trading revenue from spot crypto in the UK and Ireland, while the figure was double at £0.2 million in the US.

Interestingly, there were only 500 monthly active crypto traders in the UK and Ireland. In the US, the figure was 9,200, meaning that crypto traders on IG in the UK and Ireland are far more lucrative than those in the US.

FinanceMagnates.com earlier reported that the net trading revenue of IG in Q1 dropped 4 per cent to £231.9 million. Its total revenue dipped a 7 per cent due to a 24 per cent dent in its interest income.

Read more: Inside IG Group’s FY25 Results

When it comes to first-time crypto traders—meaning traders who opened their first crypto trade—IG attracted 900 in the UK and Ireland. In the US, the figure was 1,800.

Breon Corcoran, the CEO of IG Group
Breon Corcoran, CEO of IG Group

Demand for crypto trading on IG has surged. Net crypto trading revenue in the country doubled, while the average number of monthly active customers jumped 37 per cent year on year and 9 per cent quarter on quarter.

It should be noted that tastytrade expanded its range of tradable cryptocurrencies from four to 23 last fiscal year and enabled cryptocurrency deposits and withdrawals for seven digital assets.

An Acquisition Reveals the Big Plans

Meanwhile, IG’s interest in capturing the cryptocurrency market became clearer recently when it announced an agreement to acquire a majority stake in Independent Reserve, an Australia- and Singapore-regulated crypto exchange, for an initial enterprise value of A$178 million (£86.8 million).

Independent Reserve generated A$35.3 million in revenue in FY25, a substantial increase from the previous year’s A$18.8 million. It also reported EBITDA of A$9.9 million with a 28.2 per cent margin. It has 129,400 funded accounts with A$1.7 billion in assets under custody and an average of 11,600 monthly active customers.

Pending regulatory approval, IG will initially buy a 70 per cent stake in the crypto exchange and will have a call option to purchase the remaining 30 per cent from the exchange’s leadership and employees, based on its performance in FY27 and FY28.

Read more on IG:

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
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.
  • 7213 Articles
  • 130 Followers

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