IG Group sells Small Exchange to Payward for USD100.0 million

Thu, 16th Oct 2025 09:49

(Alliance News) - IG Group Holdings PLC on Thursday said it has completed the sale of Small Exchange Inc to Payward Inc, the parent company of the crypto exchange Kraken.

The London-based online trading platform operator said the deal values Small Exchange at USD100.0 million.

The consideration is made up of USD32.5 million in cash and USD67.5 million in Payward stock.

IG Group said the sale results in a post-tax gain of GBP73.3 million and increases its regulatory capital resources by GBP22.7 million.

Small Exchange is a designated contract market registered with the US Commodity Futures Trading Commission.

Under the terms of the deal, IG said it will enter a partnership agreement with Kraken, which includes distributing the new exchange's products.

"The transaction represents a significant return on the group's acquisition of Small Exchange and enables us to collaborate with Kraken on the distribution of new crypto products," said Chief Executive Officer Breon Corcoran.

Shares in IG Group were up 0.4% at 1,075.00 pence in London on Thursday morning.

By Michael Hennessey, Alliance News reporter

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