Starling Bank Co-Founder Launches Crypto Exchange in the UK

The company recently raised $6.59 million in a seed round.

London-based Ziglu has launched its cryptocurrency trading platform on Monday, after successfully completing a pilot phase.

Ziglu is the crypto startup of Mark Hipperson, the co-founder and chief technology officer of Starling Bank, a well-known challenger bank in the UK and Europe.

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The company is launching the crypto platform only on mobile – initially, only the iOS version will be available, but a version for Android devices is also under development.

“This launch marks the beginning of an exciting journey for Ziglu to deliver transformational financial services for our customers. By offering immediate and safe access to best-price crypto, customers can spend, exchange and send their money, regardless of the currency, where, when, and how they want,” Hipperson, also the CEO at the crypto startup, said.

The platform is offering an instant exchange of fiat currencies into major digital currencies including Bitcoin, Bitcoin Cash, and Ethereum.

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According to Hipperson, Ziglu will bring cryptocurrencies closer to the mainstream audience.

Planing for other crypto-focused services as well

The development of the platform was started in 2018 and until now the company was testing the beta version of its services.

The launch of the platform was delayed as initially, Ziglu was planning to launch its services in January this year.

The London-based company has now launched trading services, but the company is also working to offer a cryptocurrency debit card with Mastercard support, to cater to the spending needs of crypto enthusiasts.

In the initial phase, Ziglu will only offer services to customers based in the United Kingdom; however, it has plans for global expansion in the near future.

The launch of the mobile crypto exchange followed the closure of a £5.25 million (around $6.59 million) seed round.

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