eToro’s Zengo acquisition marks a strategic expansion into self-custodial crypto infrastructure, as the company moves to deepen its presence in decentralized finance and on-chain ecosystems.
The trading platform has entered into an agreement to acquire Zengo, a self-custodial wallet company known for its keyless security architecture. The deal aims to combine eToro’s global multi-asset platform with Zengo’s non-custodial technology, enabling users to access digital assets with greater control and flexibility.
The acquisition reflects a broader shift in the crypto industry toward self-custody solutions, where users retain direct control over their assets rather than relying on centralized exchanges. By integrating Zengo’s technology, eToro is positioning itself to bridge traditional investing with decentralized finance applications.
“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 Yoni Assia, CEO of eToro. “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.”
Founded in 2018, Zengo has built its platform around multi-party computation (MPC) cryptography, eliminating the need for traditional private keys or seed phrases. The wallet supports a range of services, including token swaps, staking, and access to decentralized applications, positioning it as a comprehensive self-custody solution.
The deal is also aligned with emerging use cases in crypto markets, including tokenized assets, prediction markets, and perpetual trading, areas where decentralized infrastructure is gaining traction.
eToro cited strong momentum across its broader business as the backdrop to the acquisition. Commodity trading accounted for 60 percent of trading commissions in the first quarter of 2026, with volumes nearly quadrupling year-on-year, driven by shifting macro conditions and increased demand for 24/7 trading across assets such as gold and oil.
Zengo CEO Ouriel Ohayon said the partnership would accelerate the company’s growth and expand access to self-custody globally. “Joining eToro allows us to scale our mission of making self-custody simple and secure, while connecting it to a broader investing ecosystem,” he said.
The transaction remains subject to customary closing conditions.
For the broader market, the move highlights how established trading platforms are increasingly integrating decentralized capabilities, blurring the lines between traditional finance and crypto-native infrastructure. As user demand evolves, control, security, and interoperability are emerging as key differentiators in the next phase of digital asset adoption.
