eToro Expands with Zengo Acquisition
April 15, 2026 at 16:40
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✦ AI Summary
- eToro invests $70 million in Zengo
- This acquisition boosts eToro's self-custody offerings
- The move reflects rising demand for non-custodial crypto solutions
eToro has announced its acquisition of Zengo, a self-custody crypto wallet firm, for $70 million. This strategic move is aimed at enhancing eToro's portfolio of crypto services and responding to the increasing demand for non-custodial solutions in the digital asset space.
The acquisition underscores eToro's commitment to providing users with greater control over their crypto holdings. As the market evolves, self-custody options are becoming essential for investors seeking security and autonomy in managing their assets.
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