Trading app RobinhoodApp unfreezes its plans to expand and it targets Europe by acquiring UK-based ZigluMoney.
Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu.Tuesday that it had signed a deal to acquire Ziglu, subject to regulatory approvals and other closing conditions. The firm declined to disclose the size of the deal to Cointelegraph.
“Subject to regulatory approval, in the near term, nothing will change for current Ziglu customers. Longer-term, we’ll integrate Ziglu more fully into Robinhood, bring the Robinhood brand overseas and work to expand operations beyond the U.K. into Europe,” the spokesperson for Robinhood said. The acquisition aims to help Robinhood accelerate its international expansion and finally enter markets both in the United Kingdom and across Europe. The move comes in line with Robinhood’s renewed expansion efforts this year after the platform previously
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