Tel Aviv-based eToro agrees to acquire crypto wallet provider Zengo, a source says for ~$70M, mostly in cash; Zengo lets traders swap between tokens and fiat
EToro Group Ltd. has agreed to acquire Zengo, a crypto wallet provider, as the trading and investment platform expands its reach into decentralized finance.
Bloomberg Emily Nicolle
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Discussion
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@etoro
@etoro
on x
Big news! eToro is acquiring @ZenGo a leading self-custody crypto wallet. This acquisition moves us closer to the intersection of traditional finance and the on-chain economy, bringing Zengo's pioneering MPC technology to the eToro family. Read more about our vision for the
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@zengo
@zengo
on x
We got news! Zengo is joining forces with @ eToro, the global leader in stock and crypto trading. Since our beginning in 2018, our mission at Zengo has been to raise the bar and set new standards for crypto custody and the on-chain economy. Together with eToro, we will pursue [im…