Robinhood has snapped up a new deal that will revive its plans to launch in the UK
Robinhood has agreed to buy Ziglu, a London-based fintech app that lets users trade bitcoin and several other cryptos.
The announcement comes nearly two years after Robinhood halted plans to launch in the U.K.
Now the company believes the major deal will help it expand into the U.K. and Europe.
“Together with the Ziglu team, we’ll work to leverage the best of both companies, exploring new ways to innovate and break down barriers for customers across the UK and Europe,”
Vlad Tenev, Robinhood’s CEO and co-founder says
Ziglu is one of the few crypto firms that has secured approval from the Financial Conduct Authority.
“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,
Mark Hipperson, Ziglu’s CEO says
Shares of Robinhood were up more than 3 per cent on Tuesday.
