Robinhood Buys U.K. Crypto Firm With Eye on Global Expansion

Robinhood Markets Inc. agreed to acquire Ziglu Ltd., a London-based crypto and payments company, ending the U.S. brokerage’s long pause on international expansion.

The transaction will give Robinhood a platform that allows customers to buy and sell 11 cryptocurrencies as well as move and spend money abroad, the Menlo Park, California-based company said Tuesday in a statement. Terms weren’t disclosed.