The American platform Robinhood announced on Tuesday that it had signed an agreement to acquire Ziglu, a regulated British group specializing in cryptocurrencies.
This acquisition project, which has not yet been validated by English regulators, is not trivial. It could allow Robinhood to set foot in Europe. An objective clearly displayed by the group, which indicated last January that it wanted to develop its international presence.
Robinhood wants to enter the Old Continent
As reported NewsBitcoin, nothing should change for Ziglu in the event of a takeover… at least, nothing immediately. In the medium term, however, the group should fully integrate with Robinhood to enable the Californian company ” to carry its mark abroad ” and ” expand business beyond the UK, into Europe “, we read.
This ambition is confirmed in a press release shared by Mark Hipperson, CEO of Ziglu. ” We will accelerate Robinhood’s expansion in Europe and provide greater access to cryptocurrencies, and their benefits, to millions more customers. “, did he declare.
Founded in 2014 and based in London, Ziglu is regulated by the Financial Conduct Authority (FCA). It had been valued at 85 million pounds sterling (just over 100 million euros) last November.
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Source : NewsBitcoin
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