IN BRIEF: IG Group completes sale of Nadex to crypto.com

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

IG Group Holdings PLC - London-based online trading platform - Completes sale of North American Derivatives Exchange Inc and its 39% stake in Small Exchange Inc to Foris DAX Markets Inc, which trades as crypto.com. The $216 million disposal was first announced back in December. Says disposal represents a ‘significant return’ on investment and enables additional investment across the IG business. Nadex offers trading in derivatives such as binary options, call spreads and 'knock-outs'. Small Exchange is a forum for trading standardised futures contracts. Crypto.com offers cypto-currency wallets and a platform for trading non-fungible tokens.

Current stock price: 767.00 pence
12-month change: down 2.9%

Copyright 2022 Alliance News Limited. All Rights Reserved.