eToro to Acquire Zengo for $70 Million to Enhance Crypto Services
Here's what it means for you.
This acquisition enhances eToro's offerings in self-custodial crypto, potentially reshaping how you interact with digital assets.
What happened
On April 15, 2026, eToro announced an agreement to acquire Zengo for about $70 million.
The Context
- eToro's Strategy: The acquisition aligns with eToro's goal to diversify its services in a maturing crypto market, focusing on regulated multi-asset trading.
- Zengo's Innovation: Zengo, known for its keyless wallet technology, has attracted over 2 million users globally, emphasizing security with zero hacks since its inception.
- Market Response: Following the announcement, eToro's shares rose 6.16%, reflecting positive investor sentiment towards the integration of Zengo's technology.
The Number
— the number of active users of Zengo's wallet across 180+ countries, highlighting the platform's significant reach and potential for eToro's growth.
Takeaway
As eToro integrates Zengo's technology, expect a shift towards more user-friendly self-custodial solutions in the crypto space.
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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.