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EToro will acquire the Zengo protocol for $70 million to expand its self-custody crypto capabilities.
Mars Finance News, April 15 — According to CoinDesk, trading and investment platform eToro announced that it has reached an agreement to acquire the self-custody crypto wallet Zengo, with an acquisition price of $70 million. This acquisition aims to expand its self-custody crypto capabilities and strengthen its strategy of connecting traditional finance with on-chain infrastructure. After the deal is completed, eToro will integrate its multi-asset platform with Zengo’s non-custodial wallet technology to support the development of digital asset use cases such as tokenized assets, prediction markets, and perpetual contracts.