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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 $100.0 million. The consideration is made up of $32.5 million in cash and $67.5 million in Payward stock. IG Group said the sale results in a post-tax gain of £73.3 million and increases its regulatory capital resources by £22.7 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. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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