Trading Firm IG Completes Acquisition of Crypto Exchange Independent Reserve

Core Insights - IG has completed the acquisition of Independent Reserve, enhancing its digital asset capabilities in the Asia-Pacific region [1][7] - The acquisition was finalized after receiving regulatory approval from the Monetary Authority of Singapore, indicating a strategic move into the growing crypto market [2][3] Company Strategy - The acquisition allows IG to integrate Independent Reserve's regulated crypto infrastructure and expertise, which is essential for serving both retail and institutional clients [3][6] - IG plans to launch new crypto offerings in Singapore, Australia, and the UAE by the second half of 2026, leveraging Independent Reserve's existing systems for quicker scalability [4][6] Market Positioning - The deal is expected to strengthen IG's market reach and distribution capabilities, combining its scale with Independent Reserve's crypto expertise [5][6] - Independent Reserve's CEO highlighted the acquisition as a milestone, enhancing the exchange's resources and reach as part of a larger global group [5][6]