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🔥eToro acquires Zengo protocol for $70 million to expand self-custody crypto capabilities
According to CoinDesk, trading and investment platform eToro announced it has reached an agreement to acquire the self-custody crypto wallet Zengo for $70 million. The 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.