Republic Acquires INX Digital for $60M to Expand Crypto Trading

Investment company Republic is set to acquire crypto trading firm INX Digital at a valuation of up to $60 million. Republic subsidiary Republic Strategic Acquisition will acquire all issued and outstanding shares of INX, according to an announcement on Thursday. The transaction is expected to close within eight months, subject to closing conditions.

Already an existing shareholder in INX after acquiring a 9.5% stake in 2023, Republic will integrate itself fully in INX's operations following completion of the transaction. New York-based Republic said the acquisition will strengthen its position as a blockchain investor, creating a pathway for trading tokens and engaging in secondary market opportunities across crypto and real-world assets.

This acquisition marks a significant move for Republic, as it seeks to expand its footprint in the crypto trading space. By fully integrating INX's operations, Republic aims to leverage INX's expertise and technology to enhance its own capabilities in blockchain investment and token trading. This strategic move is expected to position Republic as a more formidable player in the crypto market, with a broader range of services and opportunities for its clients.

The acquisition also highlights the growing interest and investment in the crypto trading sector. As the market for digital assets continues to evolve, companies like Republic are looking to capitalize on the opportunities presented by this emerging field. By acquiring INX, Republic is not only expanding its own capabilities but also contributing to the overall growth and development of the crypto trading industry.