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CryptoMediumUpdated•Originally published 16 April 2026•Updated 16 April 2026•

1 min read

eToro Acquires Crypto Wallet Zengo for $70 Million to Boost Web3 Capabilities

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1eToro has agreed to acquire crypto wallet startup Zengo for $70 million.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The story was updated to include eToro's CEO's bullish Bitcoin price prediction and the specific focus on strengthening the platform's on-chain infrastructure.

Global trading platform eToro has agreed to acquire crypto wallet startup Zengo in a deal valued at $70 million. The strategic acquisition specifically aims to bolster the platform's on-chain infrastructure and expand its Web3 service offerings. This development coincides with a highly bullish outlook from eToro's CEO, who predicted a Bitcoin rally to $250,000 following the current period of market downside. By integrating Zengo’s technology, eToro intends to provide its retail base with more secure, user-controlled options for managing digital assets. The deal highlights growing institutional confidence in decentralized infrastructure and follows eToro's recent expansion into the New York market. Furthermore, the integration will allow users to interact seamlessly with decentralized applications while maintaining full control over their private keys.