eToro to Acquire Zengo for $70 Million to Enhance Self-Custodial Crypto Solutions
Here's what it means for you.
As the demand for self-custody solutions in crypto grows, this acquisition positions eToro to enhance its offerings, impacting how you manage digital assets.
What happened
On April 15, 2026, eToro announced an agreement to acquire Zengo, a self-custodial cryptocurrency wallet provider, for approximately $70 million.
The Context
- eToro's Expansion: Established in 2007, eToro has evolved from social trading to a multi-asset brokerage, now focusing on self-custody amid regulatory changes.
- Zengo's Innovation: Founded in 2018, Zengo pioneered keyless multi-party computation wallets, boasting zero hacks and over 2 million users across 180 countries.
- Market Response: Following the announcement, eToro shares rose by about 5-6%, reflecting investor interest in self-custody trends despite moderated gains.
The Number
This figure represents Zengo's active users, highlighting the significant market reach and potential for eToro to tap into a growing user base.
Takeaway
As the crypto market matures, expect eToro to leverage Zengo's technology to enhance its self-custodial capabilities, potentially reshaping user experiences in digital finance.
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eToro agrees to acquire Zengo for $70M to deepen digital asset strategy
eToro has agreed to acquire Zengo for $70 million, a strategic move aimed at enhancing its digital asset services and integrating decentralized finance solutions. This acquisition is expected to provide users with greater control over their digital a...
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Tel Aviv-based eToro agrees to acquire crypto wallet provider Zengo, a source says for ~$70M, mostly in cash; Zengo lets traders swap between tokens and fiat (Emily Nicolle/Bloomberg)
Tel Aviv-based eToro has agreed to acquire the crypto wallet provider Zengo for approximately $70 million, primarily in cash. Zengo enables traders to swap between various tokens and fiat currencies, enhancing eToro's offerings in the cryptocurrency ...
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EToro to acquire Zengo in self-custody push as CEO predicts $250K Bitcoin
EToro has announced its agreement to acquire the self-custodial wallet provider Zengo for $70 million, a strategic move aimed at enhancing its digital asset services and integrating decentralized finance solutions. This acquisition follows a period o...
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EToro to acquire crypto wallet Zengo in $70 million deal
EToro has announced its agreement to acquire the crypto wallet Zengo for $70 million, a strategic move aimed at enhancing its digital asset services and integrating advanced wallet technology to better protect users' assets.