Share this article
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.
Updated May 9, 2023, 4:11 a.m. Published Mar 23, 2023, 12:18 p.m.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
Read more: Robinhood Received Crypto-Related Subpoena Request From SEC: 10K
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
