eToro Acquires Zengo Crypto Wallet, Boosting Its Crypto Offerings
eToro's shares rose nearly 5% following its acquisition of Zengo, a crypto wallet supporting over 1,000 assets. The $70 million deal aims to enhance eToro's crypto applications, including prediction markets and tokenised assets, despite the broader crypto market being down 40% from its October peak. The move underscores eToro's continued focus on crypto despite recent price declines.
Tickers: $ETOR
Topics: crypto acquisition decentralized finance eToro prediction markets self-custody Zengo