eToro to Acquire Zengo in $70 Million Deal to Expand Self-Custody Capabilities

5 days ago 5

CryptoProwl

Wed, April 15, 2026 astatine 8:48 AM CDT 2 min read

eToro to Acquire Zengo successful $70 Million Deal to Expand Self-Custody Capabilities

eToro (NASDAQ: $ETOR) has agreed to get self-custodial crypto wallet startup Zengo successful a woody valued astatine $70 million, adding wallet infrastructure that could propulsion the trading level further into on-chain products and user-controlled plus access.

The institution said the acquisition is intended to deepen its digital-asset capabilities and fortify its strategy of connecting accepted concern with blockchain infrastructure and the broader crypto-native economy.

The timing says thing astir wherever larger retail platforms spot the adjacent furniture of crypto growth. Self-custody has usually lived a spot extracurricular the main brokerage experience, but that spread is starting to look much strategical arsenic tokenized assets, decentralized trading models, prediction markets and perpetuals determination person to mainstream merchandise roadmaps.

By bringing successful Zengo’s wallet stack, eToro is positioning itself to connection users much prime successful however they entree integer assets without keeping that acquisition wholly extracurricular its ain ecosystem.

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eToro said Zengo’s non-custodial wallet exertion volition enactment the wallet company’s adjacent signifier of maturation portion expanding eToro’s ain digital-asset offering. Founded successful 2018, Zengo built its estimation astir multi-party computation cryptography and a keyless wallet plan intended to simplify self-custody portion improving security.

The institution says it serves much than 2 cardinal individuals and businesses crossed 180-plus countries, portion eToro says it present has much than 40 cardinal registered users crossed 75 countries.

“We judge the aboriginal of concern volition beryllium progressively digital, decentralized and user-controlled, with self-custody playing an important relation successful that evolution,” eToro co-founder and CEO Yoni Assia said successful the release. Zengo co-founder and CEO Ouriel Ohayon said the woody should assistance grow self-custody and on-chain concern “at a planetary scale.”

If that plays out, the bigger displacement present whitethorn beryllium that crypto wallets are starting to look little similar adjacent tools and much similar halfway infrastructure for the adjacent mentation of retail investing.

eToro Group Ltd. (NASDAQ: ETOR) banal is presently trading astatine $35.47 U.S. per share.

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