Ziglu adds Cardano to its platform

UK based money app Ziglu, which was created by Mark Hipperson, one of the founders of Starling Bank, enables customers to buy, hold and sell a range of cryptocurrencies, has added the cryptocurrency Cardano (ADA) to the list of digital assets it offers. The other cryptocurrencies it provides access to are Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Tezos.

Cardano is one of the fastest growing altcoins (a cryptocurrency that is not Bitcoin). It is currently the sixth largest cryptocurrency with a market cap of around $45 billion.  Over the past 52 weeks, its valuation has increased by 3,360% and since 1st January 2021, it has increased 568% in value. The corresponding figures for Bitcoin and Ethereum, the two largest cryptocurrencies are 706% and 93%, and 1,194% and 204% respectively.

Mark Hipperson, Founder and CEO of Ziglu said: “We recently ran a competition on social media inviting people to vote for one on a list of four cryptocurrencies to be added to our platform.  Cardano was not on the list but it was overwhelmingly requested by respondents.

“The cryptocurrency has seen incredible growth in recent months, which has raised the attention of a number of crypto enthusiasts. We are therefore delighted to add it to the growing list of cryptocurrencies available via our app.” 

Ziglu, which is FCA regulated and publicly launched in June 2020, enables customers to buy and sell popular digital currencies instantly and at market leading rates.  In recent months it has enjoyed rapid growth.  Since the start of ‘Lockdown 3’ in early January 2021, its customer base has doubled, and the average value of a transaction on the Ziglu platform during the first three months of this year has increased by 25%, compared to Q4 2020.

Ziglu says much of the increased activity in cryptocurrencies has been driven by people that are new to the market, and they tend to seek an environment that allows them to safely and securely explore cryptocurrencies. Ziglu is the only company in the UK who is both authorised and regulated by the Financial Conduct Authority for e-money services and also registered with the Financial Conduct Authority as a crypto-asset firm, and it provides features designed to protect its customers such as insurance against cyber-attack.

With no hidden fees or charges, Ziglu is fully authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. It is also one of the world’s first cryptocurrency platforms to comply with the Anti Money Laundering and Counter Terrorist Financing standards set by Financial Action Task Force (FATF), implemented in over 200 jurisdictions.