Robin Hood acquires British cryptocurrency platform Ziglu
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Answer Robin Hood acquires British cryptocurrency platform Ziglu
As part of its international expansion efforts, Robin Hood has signed an agreement to purchase British crypto company Ziglu Limited.
Robin Hood’s latest move aims to spread its presence in the UK and across Europe.
Robin Hood reveals deal with Ziglu
American financial services company Robin Hood continues to operate in the cryptocurrency space.
in statementRobin Hood revealed that it has signed a deal with London-based cryptocurrency exchange Ziglu Limited.
Once approved by regulators, the British company will be acquired by Robin Hood as it seeks to expand its operations in Europe.
Vlad Tenev, CEO of the American company, Robin Hood, said:
Ziglu is an impressive team of crypto experts who will direct Robin Hood’s operations towards the European continent.
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He added:
Together with the Ziglu team, we will leverage both companies, exploring new ways to innovate and break down barriers for clients across the UK and Europe.
Ziglu CEO Mark Heberson said both parties share a common set of goals, such as working to reduce barriers to entry for a new generation of investors.
He stressed that his entity will help in the expansion of “Robin Hood” and provide better access to crypto and its benefits to millions of other customers.
Nothing will change for Ziglu users in the near term.
While in the long term, Robin Hood will fully integrate the platform into its services, the statement said.
Robin Hood is introducing new digital currencies:
A week ago, the US financial services firm enabled its clients to transact with four additional cryptocurrencies.
This list included the popular memecoin Shiba Inu, Solana (SOL), Polygon (MATIC), and (COMP).
Steve Quirk, chief brokerage at Robin Hood, commented that the company added these cryptocurrencies as it strives to become the best place to invest in cryptocurrencies.
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The CEO emphasized that the company has passed all safety procedures and remains committed to providing a secure digital asset platform.
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