IG Group Holdings plc has completed its acquisition of Independent Reserve, a cryptocurrency exchange based in Australia, for an initial enterprise value of £86.8m.

The bolt-on transaction accelerates its entry into cryptocurrency markets in the Asia Pacific region.

FTSE 250 firm IG provides online trading platforms and educational resources to clients, including access to c.19,000 financial markets worldwide.

The deal is further to regulatory approval from the Monetary Authority of Singapore.