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Robinhood enters Britain with cryptocurrency deal | Business

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Robinhood Markets is to finally enter the UK after the American trading platform struck a deal to buy Ziglu, a British cryptocurrency business.

The takeover comes almost two years after Robinhood abandoned a highly anticipated plan to launch its popular investment app in the UK.

Robinhood did not disclose what it is paying for Ziglu, although the London-based group was valued at £85 million last year during a fundraising on Seedrs, the crowdfunding platform. Investors who backed Ziglu on Seedrs are also yet to be told the purchase price.

Ziglu enables investors to buy and sell popular cryptocurrencies including bitcoin, ethereum and litecoin, and was set up by Mark Hipperson, who remains its chief executive and was one of the founders of Starling Bank.


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