Ziglu, which allows consumers to trade crypto and earn yields, holds licenses to operate in the U.K. and Europe. Robinhood is leaning on crypto to expand abroad and reignite growth and this deal marks the company's first major move as part of that strategy.
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Robinhood signs agreement to acquire Ziglu
“Ziglu and Robinhood share a common set of goals, working to reduce the barriers to entry for a new generation of investors, and we’re excited to pursue that mission together,” said Mark Hipperson, Founder and CEO of Ziglu. “As part of Robinhood, we’ll supercharge Robinhood’s expansion across Europe and bring better access to crypto and its benefits to millions more customers.”
