Wednesday, December 7, 2022

Robinhood Is About To Acquire London-Based Platform Ziglu

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Robinhood is about to acquire the popular London-based crypto platform Ziglu once the collaboration gets the green light from the British regulators so let’s read more in today’s latest crypto news.

As a part of the international expansion efforts, Robinhood made an agreement to purchase the Britsh crypto exchange Ziglu limited with the former raising hopes that the acquisition will allow it to spread some presence into the UK and in Europe. As Robinhood is about to acquire Ziglu, the company continues to be active on the crypto scene. The organization disclosed that it signed a new deal with the London-based trading venue and once approved, the platform will acquire the British company as it seeks to expand in Europe. Vlad Tenev, the CEO said Ziglu has an impressive team of crypto experts that will guide the company’s operations on the Old continent:

“Together with the Ziglu team, we’ll work to leverage both companies, exploring new ways to innovate and break down barriers for customers across the UK and Europe.”


For his part, Ziglu’s CEO Mark Hipperson stated that both parties have a common goal like working to reduce the barriers to entry for the new generation of investors and also asserted that the entity will aid Robinhoo’d expansion and will bring improved access to crypto and the benefits to millions of customers. In the long-term, Robinhood will integrate the exchange even more fully. A week ago, the US Financial services company enabled the customers to deal with four other cryptocurrencies like Shiba Inu, Polygon, Compound and Solana.

The chief brokerage officer at Robinhood commented that the company added these tokens as it aims to become the best place to invest in crypto. The executive maintained that the company passed all safety procedures and remains committed to providing an educational platform. The prices of the oceans increased after the news and both most popular meme coins surged by double digits.

As recently reported, Robinhood CEO believes DOGE needs bigger blocks in order to become the internet currency and he took it to Twitter to theorize how the meme coin can become the future currency of the internet. Before DOGE can become the future of crypto of the internet and the people and Robinhood CEO Vlad Tenev said that more changes are needed.

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