eToro

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

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.

Source: eToro and the SPAC company that agreed to take it public are planning to let the June 30 deadline for their merger pass without closing the deal

Trading platform eToro says it will go public via SPAC, valuing the company at $10.4B and raising $650M

Quick Take  — The investment platform is merging with FinTech Acquisition Corp. V  — The SPAC merger follows years of speculation about the fintech firm going public