eToro Acquires Zengo in $70 Million Deal to Expand Self-Custody Capabilities
eToro has agreed to acquire Zengo for $70 million to enhance its self-custody capabilities and expand its digital-asset offerings. The acquisition aims to integrate Zengo's non-custodial wallet technology into eToro's ecosystem, supporting its strategy to connect traditional finance with blockchain infrastructure. This move is seen as a strategic step toward mainstream adoption of on-chain products and user-controlled asset access.
Tickers: $ETOR
Topics: acquisition crypto eToro self-custody Zengo