@kerrpolly
PANews reported on September 19th that online trading platform IG Group has acquired a majority stake in Australian cryptocurrency exchange Independent Reserve for US$72.4 million. This move aims to strengthen its position in the rapidly growing crypto market in the Asia-Pacific region and complement its recent crypto operations in the UK and the US. IG Group will initially acquire a 70% stake in Independent Reserve, with an option to acquire the remaining 30% in the future based on performance. The transaction is expected to close in early 2026 for a total of US$117.6 million.
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