Crypto Exchange Ziglu Courting Buyers After Robinhood Deal Collapses: Report

Ziglu is also looking to raise $2.5 million to enable it to continue operating until it finds a buyer.

AccessTimeIconMar 23, 2023 at 12:18 p.m. UTC
Updated May 9, 2023 at 4:11 a.m. UTC

Crypto trading platform Ziglu is talking with buyers interested in acquiring it for a lower price following the collapse of its acquisition deal with Robinhood Markets (HOOD), Sky News reported on Thursday.

The London-based firm is in discussions with a number of interested parties and is hiring investment bankers to oversee the sale, according to the report.

The firm is also looking to raise around 2 million British pounds ($2.5 million) at a valuation of $12.3 million to enable it to continue operating until it reaches a deal.

Robinhood agreed to acquire Ziglu for $170 million in a deal that would have given the U.S. online brokerage a fully regulated arm in the U.K. Robinhood, however, cut the offer to $72.5 million in August, and the deal subsequently collapsed.

Ziglu didn't immediately respond to a request for comment.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.