eToro acquires self-custody crypto wallet provider Zengo

According to the Wall Street Journal, trading and investment platform eToro announced the acquisition of self-custody crypto wallet provider Zengo, with the specific acquisition amount undisclosed.

The acquisition aims to combine eToro's global multi-asset platform and distribution channels with Zengo's non-custodial wallet technology, supporting Zengo's next phase of growth while expanding eToro's digital asset capabilities.