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Following the FCA's announcement to ban the sale of crypto-derivatives to retail, https://www.fca.org.uk/news/press-releases/fca-bans-sale-crypto-derivatives-retail-consumers Mark Hipperson, CEO of Ziglu, observed:
"As the FCA bans the sale of crypto-derivatives to retail consumers Ziglu remains committed to providing safe and secure access to cryptocurrencies, not via derivatives. We are careful to communicate the volatility currently found in some cryptocurrencies, however we believe that this volatility also creates opportunity and that retail consumers should be able to benefit from these opportunities.
To support retail consumers we provide instant and effortless access to cryptocurrencies with stringent financial crime and anti-laundering controls in place. We further protect our customers with up to £50,000 of their crypto-assets insured against cyber attacks. There are, according to the FCA, over two million people in the UK with an exposure to cryptocurrency. Ziglu has been built to serve this market and take cryptocurrencies to the mainstream, easily and safely for everyone."
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Ziglu ziglu.io/ launched on 15th June, founded by Mark Hipperson, best known as the co-founder and CTO of the pioneering challenger, Starling Bank.
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Simplicity lies at the heart of Ziglu peer-to-peer (P2P) payments, customers can make instant, secure and free payments in digital currencies as well as Sterling (GBP).
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In early September, Ziglu became a full FCA authorised Electronic Money Institution.
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At the end of June, Ziglu announced it had completed its seed funding round of £5.25 million to provide transparent and simple access to cryptocurrency.
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In September, following an equity crowdfunding campaign on Seedrs, Ziglu has successfully secured over £2.5 million from over 900 investors. https://www.seedrs.com/ziglu
