Crypto trading and investment platform eToro has announced an agreement to acquire self-custody crypto wallet provider Zengo.
In April 2026, the trading platform eToro acquired self-custodial crypto wallet startup Zengo in a \(\$70\) million deal. The acquisition integrates Zengo’s keyless, Multi-Party Computation (MPC) security technology into the eToro platform, aiming to connect traditional finance with the on-chain economy. The acquisition is intended to strengthen eToro’s digital asset offering as the company continues building connections between traditional finance, blockchain infrastructure, and the broader crypto ecosystem.
By combining eToro’s global multi-asset platform with Zengo’s expertise in non-custodial wallet technology, the deal is expected to support Zengo’s next phase of expansion. For eToro, the acquisition enhances its ability to support emerging digital asset applications, including tokenised assets and decentralised trading models such as prediction markets and perpetuals.
Founded in 2018, Zengo is known for pioneering multi-party computation (MPC) cryptography and its keyless wallet design, which aims to improve security while simplifying the self-custody experience for users.
Yoni Assia said: “We believe the future of finance will become increasingly digital, decentralised, and user-driven, with self-custody playing a central role in that transformation. Zengo has created an innovative and secure wallet solution, and this acquisition will help accelerate its growth while continuing to give users flexibility in how they manage digital assets.”
The deal will allow eToro to expand its crypto services with features such as fiat on- and off-ramps, token swaps, staking, and access to decentralised applications. Together, these capabilities position Zengo as one of the most comprehensive consumer-focused self-custody solutions currently available.
source: eToro