eToro Acquires Self-Custody Crypto Wallet Firm Zengo for $70 Million
In brief eToro acquired self-custodial wallet provider Zengo, reportedly for $70 million. Zengo’s keyless wallet technology uses multi-party computation (MPC) cryptography and serves over 2 million users. The acquisition positions eToro to support emerging DeFi use cases, including prediction markets and perpetuals. Trading platform eToro has entered into an agreement to acquire self-custodial crypto wallet…