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IG Group to acquire Australian crypto exchange for A$178 million
IG Group Holdings plc (LSEG:IGG) announced Friday it has agreed to acquire Independent Reserve, an Australian cryptocurrency exchange, for an initial enterprise value of A$178.0 million (£86.8 million). The transaction will give the FTSE 250 company immediate access to cryptocurrency markets in Australia and Singapore, accelerating its entry into the Asia Pacific region. Independent Reserve offers trading in 34 digital assets in multiple currencies to retail and institutional customers. Under the deal terms, IG will initially acquire 70% of Independent Reserve for A$109.6 million (£53.4 million), excluding the ... (full story)
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