eToro Acquires Zengo to Enhance Crypto Wallet Capabilities
eToro is acquiring Zengo, a prominent self-custodial crypto wallet provider. It will enhance eToro’s digital asset offerings by integrating advanced wallet technology with its global multi-asset trading platform. eToro is the Israel-based online broker listed on NASDAQ as ETOR.
Acquisition Overview
The deal unites eToro’s extensive user base and trading infrastructure with Zengo’s secure, non-custodial wallet solutions. Both companies have a shared focus on innovation in fintech.
This acquisition expands eToro’s support for emerging use cases such as tokenized assets, prediction markets, and perpetual futures trading. It prepares eToro to bridge traditional finance with decentralized, on-chain ecosystems. It gives users more control over their digital assets.
The partnership accelerates Zengo’s global expansion and boosts eToro’s distribution strength. eToro users get simplified self-custody options without sacrificing security or ease of use.
Leadership Perspectives
eToro’s Co-founder and CEO, Yoni Assia, emphasized the shift toward digital, decentralized finance, where users hold greater control. He highlighted self-custody’s rising importance and noted eToro’s resilient business. She noted commodities driving 60% of Q1 2026 trading commissions—nearly 4x higher year-over-year. 24/7 trading in gold and oil amid global macro shifts is fueling it.
Zengo’s Co-founder and CEO, Ouriel Ohayon, underscored the wallet’s mission to simplify secure self-custody for mainstream users. He views the tie-up as a chance to scale this vision worldwide. He also sees it linking on-chain finance to broader investment opportunities.
About eToro
eToro is a social trading and multi-asset brokerage platform. It allows users to trade and invest in varied financial instruments, including stocks, ETFs, cryptocurrencies, and CFDs. The platform has unique social trading features like CopyTrader. It lets users replicate the trades of experienced investors. eToro crossed over 35 million users by 2023. It serves in more than 100 countries.
About Zengo
Zengo was founded in 2018. It secured $20 million in a Series A round in 2021 from backers like Insight Partners, MoonPay Ventures, and Tether. Its technology supports keyless wallets via multi-party computation (MPC) cryptography. Also, it offers features like on- and off-ramps, token swaps, staking, and decentralized app access.
Wrapping Up
The eToro-Zengo acquisition democratizes crypto self-custody and on-chain finance. eToro strengthens its competitive edge in the digital asset space.
Register your company now and get featured on our homepage!
