eToro has agreed to acquire crypto wallet provider Zengo in a deal valued at ~$70M, as it moves to add self-custody and expand its presence in onchain finance.

The acquisition gives eToro direct control over wallet infrastructure, enabling it to connect trading with onchain services and build a more integrated product stack beyond brokerage.

This also opens the door to new offerings, including tokenized assets, DeFi access, prediction markets and perpetual trading, as the company shifts toward a full-stack crypto platform.

👉 x.com/eToro/status/2044340746405220661?s=20