Robinhood acquires crypto firm Ziglu

Robinhood acquires crypto firm Ziglu

Cryptocurrency friendly trading app Robinhood continues its global growth efforts by acquiring UK-based crypto asset firm Ziglu.

Robinhood held on tuesday by announcement He announced that he has signed an agreement to acquire Ziglu and that the deal is subject to regulatory approval and other closing conditions. The company did not disclose the deal amount to Cointelegraph.

A spokesperson for Robinhood said, “This deal, subject to regulatory approval, will not change anything in the short term for existing Ziglu customers. In the longer term, we will thoroughly integrate Ziglu into Robinhood and work to expand our operations beyond the UK into Europe by extending the Robinhood brand to other countries,” he said.

Ziglu was founded in 2020 by Mark Hipperson, Former Head of Technology at Barclays and Co-Founder of Staling. The company offers a digital platform that allows customers to buy and sell seven cryptocurrencies, including Bitcoin and Ether. The Ziglu platform also allows users to earn rewards and pay by credit card.

Robinhood, on the other hand, is a brokerage platform that offers commission-free investment and trading in the USA. Robinhood became popular in the crypto community after launching trading support for major cryptocurrencies like BTC and ETH in 2018.

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