On Friday, the British IG Group tradings platform widened its footprint in the Asia-Pacific region by acquiring an independent reserve of Australian Digital Asset Exchange for $ 1,17.41 million). The Sydney-based company offers a multi-money exchange in 34 cryptocurrencies in Australia and Singapore.
IG argued that the management and staff of the independent reserve should stay with the company, with a collective shareholding of 30% in completion. The group said it would keep the Australian Exchange brand and incorporate it into IG trading platforms in Australia and Singapore.
IG holds 70% of the independent reserve
The British company revealed that it had bought 70% initial of the independent reserve for 109.6 million AUD. The amount will exclude an expected share of the excess excess cash acquired of 8.4 million AUD.
The agreement also includes an additional $ 15 million based on the financial performance of the company 2026. This will lead to a collective property of 70% of 124.6 million AUD.
The British commercial company also has a call option to buy the remaining participation according to the performance of the independent reserve during financial financial years 2027 and 2028. IG said that the remaining 30% amount to 160.5 million AUD, which provides total payment from the whole Australian company below 285.1 million AUD.
IG Group expects the agreement to include cash purchases, profit per share, accredited after two years, with a return to the capital invested above the weighted average cost of capital between the year 2029 and 2030.
IG said the agreement will end at the beginning of 2026 once approved by Australian regulators and Singapore. The CEO of Reserve Independent, Adrian Przelozny, mentioned that the agreement gives the company a more important platform to grow While maintaining its secure and regulated trading goal. Friday, IG shares are down 2.44% to 1,075.80 pence.
The agreement occurs while the independent reserve declared a sharp increase of 88% income to 35.5 million AUD during the financial year ended on June 30. The company has also seen 9.9 million Aud in profit before interest, taxes, depreciation and amortization.
IG Group also announced on Friday that it revised its definitions from active customers and first traders. The company also presents funded customers to assess their performance.
According to the commercial platform, the initiative aligns the definitions through the group and will show IG’s growth strategy. From the first quarter of 2026, active customers, the first professions and funded customers will be revealed each period of report.
Active customers represent users who have opened or closed a position during a month or have held a position at the end of the month. The first professions include those who place their first exchange during the reference period, while funded customers are those who have a cash balance or have assets at the end of the month.
The group also continues its action buyback program, which spear September 4. The company has asked Morgan Stanley & Co. International to lead a program of 125 million euros until January 30, 2026. The stocks purchased will be held to the Treasury and will be subject to the performance of the share price and other capital requests. IG has set the maximum number of actions available for purchase as part of the initiative at 23,831,794.
The IG group is launching crypto trading in the United Kingdom
IG group presented Crypto trade in Great Britain in June, allowing traders to exchange crypto, actions, clues, ETF, basic and FX products on the platform. The company has become the first company listed in the United Kingdom to allow the trade of digital assets in the country.
The Crypto trading initiative is supported by the Crypto Meeting asset company, which is entirely integrated on the IG platform and the IG Invest application. The digital asset company will be responsible for executing all customer transactions and providing pricing data.
IPOLD CEO Simon McLoughlin said that the company wanted to give people better access to virtual currencies so that they can participate in the evolving financial world.
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