Top-tier, pro-crypto stock trading app Robinhood is reportedly making strides in its global presence, via completing the acquisition of the United Kingdom-headquartered crypto asset entity Ziglu.

Specifically, Robinhood reportedly issued the official announcement on April 19th, regarding its decision to make a deal for an anonymous amount for purchasing Ziglu, currently waiting for regulatory greenlights and other closing conditions. 

“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” A representative from Robinhood further claimed. 

The purchase will reportedly provide Robinhood with additional ability to fast-track its international expansion, ultimately breaking into markets both in the United Kingdom and across Europe.

The initiative reportedly lines up with Robinhood’s renewed expansion works put out in 2022, following the initial shutdown of its ambitious expansion plans in nations such as the United Kingdom two years ago. 

Ziglu was reportedly established by former Barclays technology head and Starling bank co-founder Mark Hipperson in 2020, focusing on offering a digital platform, supporting the purchasing and selling of different digital assets, nominally Bitcoin (BTC), Ether (ETH) and others.

The Ziglu platform further makes it possible for users to yield rewards and pay for services using a debit card.

Robinhood reportedly operates as a high-profile online brokerage, known for offering a commission-free investing and trading platform in the United States. 

The entity gathered its reputation throughout the crypto sphere following the introduction of trading of major cryptocurrencies like BTC and ETH in 2018.