Robinhood’s Ziglu buyout comes with FCA licensing shortcut
The exact terms of the deal have not been disclosed but as of September last year, Ziglu was valued at somewhere in the region of $111 million.
The exact terms of the deal have not been disclosed but as of September last year, Ziglu was valued at somewhere in the region of $111 million.
Robinhood stock has collapsed more than 60% since its IPO last July, and fleeting crypto trade volumes haven’t been enough to turn the tide.
Robinhood’s finance chief recently noted there’s no “compelling reasons strategically” to buy sizable amounts of crypto with company cash.