In brief
- eToro acquired self-custodial wallet provider Zengo, reportedly for $70 million.
- Zengo’s keyless wallet technology uses multi-party computation (MPC) cryptography and serves over 2 million users.
- The acquisition positions eToro to support emerging DeFi use cases, including prediction markets and perpetuals.
Trading platform eToro has entered into an agreement to acquire self-custodial crypto wallet provider Zengo—a deal that Bloomberg reports was worth $70 million, paid mostly in cash—combining its 40 million registered users with Zengo’s keyless wallet technology.
The acquisition brings together eToro’s global trading infrastructure with Zengo’s multi-party computation (MPC) cryptography, which has powered secure wallet…
