eToro Expands Self-Custodial Crypto Capabilities With ZenGo Acquisition

eToro announced the acquisition of crypto wallet provider Zengo in an official announcement aimed at strengthening its self-custody offering and supporting a shift toward onchain financial services. The company did not disclose the transaction value in the new announcement. eToro said Zengo’s wallet uses MPC technology and a keyless architecture, adding infrastructure intended to expand self-custodial crypto capabilities. The new information updates earlier reporting that had cited an undisclosed-source purchase price estimate, while eToro’s announcement itself focused on the strategic rationale for the deal.

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