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 (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.
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.
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, 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.
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.
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.
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, 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.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
CFTC Moves into Sports-Linked Prediction Markets With “First-Ever” MLB Agreement
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
