Equity and cryptocurrency exchange Robinhood has signed an agreement to acquire UK-based e-money institution and cryptocurrency asset firm Ziglu Limited, according to a company blog post on Tuesday (19). april.
Ziglu allows UK customers to buy and sell 11 cryptocurrencies, earn yield through its Boost products, pay with a debit card, and move and spend money around the world with no fees.
“Like Robinhood, Ziglu believes the new era of digital money offers a wealth of opportunities, and Ziglu exists to make those opportunities available to everyone,” the blog post reads. “Their talented team and technology will help us accelerate our international expansion, both in the UK and Europe.”
Earlier this year, Robinhood announced plans to open up its cryptocurrency platform to customers around the world.
“Ziglu and Robinhood share a common set of goals, working to lower barriers to entry for a new generation of investors, and we are excited to continue this mission together,” said Mark Hipperson, Founder and CEO of Ziglu. , in the blog. Publish.
“As part of Robinhood, we will accelerate Robinhood’s expansion across Europe and bring greater access to crypto and its benefits to millions more customers,” he said.
Robinhood plans to integrate Ziglu into its long-term platform, bringing the Robinhood brand overseas and expanding across Europe.
“Ziglu’s impressive team of highly experienced financial services and crypto experts will help us accelerate our global expansion efforts,” Vlad Tenev, CEO and co-founder of Robinhood Markets, said in the blog post.
“With the Ziglu team, we will work to leverage the best of both companies, exploring new ways to innovate and break down barriers for customers across the UK and Europe,” he said. he declares.
Related: Crazy barking? Robinhood CEO Sees Dogecoin as the “Future Internet Currency”
Last week, Tenev posed a question on Twitter that has been on very few people’s minds: Can dogecoin “really be the future currency of the internet and people” that bitcoin was supposed to be? He came to the conclusion that it was possible, with two big improvements.
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Robinhood Adds Ziglu Crypto Asset Platform
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