eToro to Acquire Zengo for $70 Million to Enhance Crypto Custodial Services
Here's what it means for you.
The acquisition enhances your access to secure, self-custodial crypto management tools in an evolving digital finance landscape.
What happened
On April 15, 2026, eToro announced an agreement to acquire Zengo for approximately $70 million.
The Context
- eToro's evolution: Founded in 2007, eToro has transitioned from social trading to a diversified platform amid the rise of cryptocurrency and regulatory advancements.
- Zengo's innovation: Established in 2018, Zengo offers MPC-based keyless wallets that eliminate seed phrases and have achieved zero hacks, backed by notable investors.
- Strategic alignment: The acquisition aligns with the growing adoption of decentralized finance (DeFi) and tokenized assets, enhancing eToro's capabilities in the digital asset space.
The Number
— This transaction value underscores the increasing investment in self-custodial solutions, reflecting a shift towards user empowerment in managing digital assets.
Takeaway
As eToro integrates Zengo's technology, expect a more robust self-custodial wallet experience that could redefine your interaction with 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 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.