In response, council leader Cllr Catherine West wrote to Transport for London asking for pedestrian countdown - electronic signs which tells people how long they have to cross the road - to be installed.
Transport for London, which is responsible for Holloway Road, has now confirmed it will install pedestrian countdown at the crossing, hopefully before the end of the financial year.
Cllr West said: "We're on the side of residents and want Islington to be a safe place for all residents and visitors.
"This is a very busy crossing, used by thousands of people each the day, but the lights don't give people long to cross and people can be caught out.
"Pedestrian countdown will help make the junction safer and I'd like to thank Transport for London for agreeing to put it in."
Since June 2009 there have been nine accidents at the crossing, including three serious accidents.