The Robin HoodLeading American financial services company announced on Tuesday, the 19th, that it was looking to acquire Jiglu, a British fintech offering to buy and sell eleven. Cryptocurrencies. If confirmed, the acquisition will “accelerate the company’s international expansion efforts,” said its CEO, Vlad Tenev. Shares of the company rose 3 percent. But Robinhood, popular in the United States for not charging anything to investors, has recently dropped in encouraging numbers. In the fourth quarter of 2021, there were 8.5% fewer monthly users and revenue for the first quarter is projected to decline by 35%. Ziglu has quadrupled its customer base over the past year and is one of 33 cryptocurrency companies that have been able to register with the British Financial Conduct Commission (FCA), a key requirement for companies seeking to operate in the region.
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