• eToro has acquired self-custodial wallet provider Zengo to deepen its digital asset capabilities and expand into on-chain finance.
• The deal brings keyless wallet infrastructure in-house, positioning eToro to move beyond trading into custody, authentication, and transaction control.
• As crypto evolves into infrastructure, owning the wallet layer could determine who controls the customer relationship.

Social trading and investment network eToro announced it has acquired self-custodial crypto wallet provider Zengo for an undisclosed amount. eToro plans to leverage the acquisition to deepen its digital asset capabilities and bridge traditional finance with on-chain infrastructure.

Zengo was founded in 2018…