eToro Seals $70 Million Acquisition of Zengo Crypto Wallet Firm

eToro has made a significant move in the cryptocurrency space with the acquisition of Zengo, a self-custody crypto wallet firm, for $70 million.

This strategic grab is seen as an effort to expand eToro's offerings and gain dominance in the evolving crypto landscape.

Zengo's keyless security technology will integrate seamlessly into eToro's platform, addressing concerns over custody risks exposed by recent market volatility.