eToro Acquires Zengo for $70M to Expand Crypto Self-Custody Services

Social funding and multi-asset brokerage platform eToro has agreed to amass cryptocurrency pockets supplier Zengo. The deal, introduced on April 15, 2026, goals to increase eToro’s crypto infrastructure, notably in self-custody providers. 

eToro shared the replace in a public statement, saying it’s responding to rising demand for user-controlled crypto options. Zengo additionally confirmed the acquisition on X, saying it’s going to proceed specializing in safe pockets providers underneath eToro’s possession. “In our new residence at eToro, Zengo will proceed to construct and function the safe, progressive crypto pockets that thousands and thousands of customers have liked and used to this point,” the corporate said.

Neither firm has disclosed the deal’s monetary phrases or timeline as of publishing. Particulars on how the mixing will work additionally stay unclear at this stage. Nonetheless, as per a Bloomberg report, an nameless supply revealed that the deal is allegedly value $70 million and principally in money. 

Self-custody technique drives enlargement

eToro plans to combine its world buying and selling platform with Zengo’s pockets expertise, aiming to present customers extra management over their digital belongings. The transfer additionally helps new merchandise reminiscent of tokenized belongings and blockchain-based buying and selling instruments, together with prediction markets and perpetual contracts.

Co-Founder and CEO Yoni Assia stated, “We imagine the way forward for finance can be more and more digital, decentralized and user-controlled.” He added that self-custody is central to this shift. Because of this, eToro is specializing in infrastructure that connects conventional monetary markets with blockchain techniques.

Zengo offers multi-party computation (MPC) expertise to the deal, which eliminates the usage of the standard personal key and makes the pockets safer. The pockets is able to dealing with options reminiscent of token swapping, staking, and integration with decentralized apps.

Trade shift towards crypto infrastructure management

This transfer highlights the rising development throughout the trade, the place companies not solely supply crypto buying and selling but in addition personal the expertise that enables it. Such a method can lead to the era of further streams of earnings.

As an example, in 2025, Robinhood bought Bitstamp to boost its crypto licenses and institutional choices. Likewise, Crypto.com collaborated with Exodus to offer custody providers. Ripple also acquired Hidden Road to increase into brokerage providers and has additionally signaled plans to enter the pockets area. Because of this, competitors is more and more centered on constructing full crypto ecosystems somewhat than single providers.

In the meantime, eToro stated the deal is not going to change something for customers within the quick time period. The corporate plans to roll out integrations regularly over time.

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Disclaimer: The data researched and reported by The Crypto Occasions is for informational functions solely and isn’t an alternative to skilled monetary recommendation. Investing in crypto belongings entails important threat resulting from market volatility. All the time Do Your Personal Analysis (DYOR) and seek the advice of with a professional Monetary Advisor earlier than making any funding choices.