image credit: Unsplash

Robinhood’s acquisition of crypto firm puts UK, Europe in its sights

April 19, 2022

Robinhood is making a second play to expand into the U.K.

Nearly two years after the stock-trading app indefinitely postponed its launch in the country, the company announced Tuesday it would acquire Ziglu, a U.K.-based crypto and payments company. Terms of the deal were not disclosed.

“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,” Mark Hipperson, Ziglu’s CEO, said in a statement included in a Tuesday post on Robinhood’s blog.

Read More on Banking Dive