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).
IG Group completes acquisition of cryptocurrency trading platform Independent Reserve
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