ME News reports that on April 15 (UTC+8), the trading and investment platform eToro announced the acquisition of the 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 to support Zengo’s next phase of growth while expanding eToro’s digital asset capabilities. (Source: ChainCatcher)
eToro Acquires Self-Custody Crypto Wallet Provider Zengo
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Summary
eToro Acquires Self-Custody Crypto Wallet Provider Zengo to Strengthen Its Presence in the Digital Asset Market
eToro has acquired Zengo, a self-custody crypto wallet provider, to expand its digital asset offerings. The acquisition integrates eToro’s global platform with Zengo’s non-custodial wallet technology. As platforms continue to enhance their capabilities, the crypto market is witnessing strategic expansions. Financial terms of the deal were not disclosed.
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