EToro to acquire crypto wallet Zengo in $70 million deal
CoinDesk·1d ago·Neutral
What Happened
eToro has agreed to acquire crypto wallet provider Zengo for approximately $70 million. The deal combines eToro's multi-asset trading platform with Zengo's non-custodial wallet technology. Zengo uses multi-party computation to secure user funds without seed phrases. The acquisition supports newer crypto use cases including tokenized assets and decentralized markets. Zengo, founded in 2018, has over 2 million users globally.
Key Entities
eToroZengo$70 millionnon-custodial walletmulti-party computationYoni Assia2 million users