The acquisition brings together eToro's global trading infrastructure with Zengo's multi-party computation (MPC) cryptography, which has powered secure wallet services for over 2 million individuals and businesses across 180+ countries since 2018.
“We believe the future of finance will be increasingly digital, decentralized and user-controlled, with self-custody playing an important role in that evolution,” said eToro co-founder and CEO Yoni Assia, in a statement. “Zengo has built an innovative and secure wallet experience, and this acquisition will enable us to accelerate its growth while continuing to provide users with choice in how they access digital assets.”
“As we often say, crypto downtimes are the time to build, and this acquisition reflects that long-term approach,” he added.
Assia said that commodity trading represents 60% of the platform's trading commissions by asset class as of Q1 2026—with volumes nearly four times higher year over year, according to the announcement.
eToro shares are up more than 6% so far Wednesday, recently trading hands at $36.80. Shares are up more than 18% in the last week, rising alongside many other crypto firms as the market shows signs of recovery.
