eToro to Acquire Zengo for $70 Million to Enhance Self-Custodial Crypto Solutions
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.