UK crypto outfit Ziglu buys retail arm of Gibraltar-based crypto payments firm
A UK app founded by a Starling Bank co-founder that allows retail investors to buy cryptocurrencies is to acquire the retail arm of a Gibraltar-based crypto payments firm, as it extends its footprint across Europe.
Ziglu, founded by Starling Bank former CTO Mark Hipperson, is to buy the retail arm of Damex, in an all-share deal.
Specific financial details of the deal were not disclosed.
The deal will mean that Ziglu, founded in 2019, will be able to broaden the customer base of its cryptocurrency, investment and banking services.
It is understood the combined entity will have a customer base of around 200,000 and is set to offer UK and US stock trading for its European customers in the next few months.
Ziglu is most famous for nearly…
