Robinhood to buy UK crypto platform Ziglu
The deal will be closed after regulatory approval
20.04.2022 - 11:05
286
1 min
0
What’s new? Online broker Robinhood will buy a UK-based cryptocurrency company Ziglu Limited to expand its influence in the European market. . In the long term, Ziglu’s infrastructure will be integrated into Robinhood, according to the online broker’s blog.
How do the parties comment on the deal? Ziglu founder and CEO Mark Hipperson said that both sides of the deal share common goals of lowering barriers for a new generation of investors. He added that Ziglu will strengthen Robinhood’s expansion process in Europe and make it easier for millions of new customers to access cryptocurrencies. Robinhood CEO and co-founder Vlad Tenev believes that the Ziglu team, made up of experienced financial services and cryptocurrency experts, will help realize the company’s global expansion intentions.
What is known about Ziglu? It is a UK-based platform, founded in 2018, that allows one to buy and sell cryptocurrencies. Ziglu customers can trade 11 cryptocurrencies, pay for purchases with a card and make transfers abroad. The platform has been approved by the UK’s Financial Conduct Authority (FCA) as a legal crypto provider.
What had happened before? Robinhood announced the launch of a beta version of its cryptocurrency wallet. With the new feature, the users will be able to transfer their assets to other wallets.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$68 788
BTC
+0.32%
-
Ethereum
$2 435.2
ETH
-1.12%
-
BNB Smart Chain
$570.25
BSC
-0.32%
-
Ripple
$0.513087
XRP
+1.45%
-
Dogecoin
$0.168173
DOGE
+11.48%
-
Cardano
$0.331069
ADA
+0.15%
-
Bitcoin Cash
$338.26
BCH
+1.31%
-
Polkadot
$3.83
DOT
+1.31%
-
Litecoin
$66.98
LTC
+0.91%
-
Stellar XLM
$0.092237
XLM
+1.56%