EToro to acquire crypto wallet Zengo in $70 million deal

The acquisition ties successful the retail trading level with precocious wallet exertion meant to assistance support users' assets.

Apr 15, 2026, 9:34 a.m.

EToro (ETOR) has agreed to get crypto wallet supplier Zengo arsenic it brings self-custody tools into its trading level successful a woody estimated astatine astir $70 million.

The woody pairs eToro’s multi-asset investing web with Zengo’s non-custodial wallet, according to an announcement connected Wednesday.

A non-custodial wallet allows users to custody their ain funds by controlling the keys to the wallet directly.

Zengo uses multi-party computation, oregon MPC, to unafraid idiosyncratic funds without a effect phrase, a plan meant to trim communal risks tied to mislaid oregon stolen keys.

EToro said the woody volition assistance it enactment newer crypto usage cases specified arsenic tokenized assets and decentralized markets, including prediction platforms and perpetual futures.

“As we often say, crypto downtimes are the clip to physique and this acquisition reflects that semipermanent approach,” said eToro’s co-founder and CEO Yoni Assia.

Zengo, founded successful 2018, offers features including token swaps, staking and fiat onramps. It reports much than 2 cardinal users globally. Its wallet volition stay abstracted from eToro’s regulated services, with users interacting straight with third-party protocols, according to Wednesday's announcement.

The acquisition is taxable to closing conditions. An eToro spokesperson told CoinDesk presumption of the woody aren’t being disclosed though Bloomberg reported it to beryllium worthy astir $70 million.