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 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.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
