IG Group completes acquisition of cryptocurrency trading platform Independent Reserve
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TL;DR
IG Group has finalized its acquisition of cryptocurrency platform Independent Reserve, approved by Singapore's Monetary Authority. The deal, valued at AUD 178 million, includes an initial 70% stake with an option for the remaining 30%.
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DenReForesightIG GroupIndependent Reservecryptocurrency acquisitionregulatory approvalSingapore
Mars Finance reports that on February 5th, IG Group completed its acquisition of the cryptocurrency trading platform Independent Reserve. The transaction received approval from the Monetary Authority of Singapore. Foresight News previously reported that IG Group acquired a majority stake in Independent Reserve last September for US$72 million. IG initially acquired 70% of Independent Reserve's shares, with an option to purchase the remaining 30% based on future performance. The transaction is still subject to regulatory approval and is expected to close in early 2026, with a total value of AUD 178 million (US$117.6 million).