Robinhood acquires British crypto firm Ziglu to push expansion plans
Robinhood has renewed its global expansion plans by acquiring the British crypto firm Ziglu after aborting its U.K. expansion back in 2020. Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu.Robinhood officially announced 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....
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Nasdaq-listed trading platform Robinhood is acquiring Ziglu, a London-based electronic money institution and crypto asset firm. The acquisition is part of Robinhood’s international expansion plan. Robinhood “sees a big opportunity in serving customers across the globe.”
Robinhood Acquiring Regulated Crypto Firm Ziglu
Popular U.S.-based trading platform Robinhood announced Tuesday that it has signed an agreement to acquire a regulated cryptocurrency firm Ziglu.
Citing its mission to “democratize finance for all,” Robinhood....
Robinhood announced Tuesday that it has agreed to acquire Ziglu, a fintech startup based in London that enables users to trade bitcoin and a variety of other cryptocurrencies. Robinhood’s stock increased nearly 6% Tuesday following the announcement of the Ziglu acquisition. Since its July initial public offering, the stock has fallen 71%. The acquisition will […]
The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions. Stock and crypto investment platform Robinhood has reportedly scored a 58% cut on its $170 million offer to buy crypto exchange Ziglu due to adverse market conditions.The initial offer from Robinhood came in April, however according to various reports online around Aug.17, the company revised its offer to $72.5 million after citing adverse market conditions. Ziglu CEO Mark Hipperson reportedly accepted the offer on Aug. 18.Robinhood is said to....
The popular discount brokerage listed four trending tokens in Q1 2022. On April 28, discount-brokerage platform Robinhood published its financial results for the first quarter of 2022. Year-over-year, the firm's net revenue declined by 43% to $299 million. Specifically, revenue from cryptocurrency trading fell by 39% to $54 million during the same period. This was partly due to a decrease in the interest in meme stocks as well as an ongoing cryptocurrency bear market that dominated much of the first three months of the year.However, despite a decrease in sales, the company's net cumulative....
Robinhood has “set aggressive goals to start opening its crypto platform up to customers internationally in 2022,” the popular trading platform revealed during its Q4 earnings call. “The company believes in the immense potential of the crypto economy and sees a big opportunity in serving customers across the globe.” Robinhood’s Crypto Earnings, Expansion Plans Robinhood Markets Inc. (NASDAQ: HOOD) released its fourth quarter and full year 2021 results Thursday. The company’s total net revenues for the quarter increased 14% from the same period in....