In a strategic move to bolster its digital asset offerings and strengthen its presence in the Asia-Pacific region, British online trading platform IG Group (IGG.L) announced on Friday the acquisition of Australian cryptocurrency exchange Independent Reserve for A$178 million ($117.41 million). The deal, finalized on September 19, 2025, is anticipated to enhance IG Group’s cash earnings per share within the first full financial year post-closure. This acquisition underscores IG Group’s commitment to expanding its cryptocurrency services and tapping into the growing digital asset market in Australia and beyond. The transaction reflects the increasing consolidation within the crypto industry as traditional financial firms seek to capitalize on the burgeoning sector. IG Group’s investment aligns with its broader strategy to diversify its portfolio and cater to the rising demand for digital financial solutions. The deal also highlights the competitive dynamics in the Asia-Pacific crypto market, where regulatory clarity and market potential continue to attract global players.