Coinspeaker
Apr 16, 2026 upd. 7 Jun

eToro buys Zengo for $70M, adds self-custody for 40M users

1 min

eToro and Zengo join forces to add MPC self‑custody

Zengo says it is joining forces with eToro. The wallet’s MPC tech will plug into a regulated trading platform.

Zengo confirmed the deal on April 15, 2026 in an announcement on X. Zengo: “joining forces with eToro”.

Zengo runs a keyless, seed‑phrase‑free wallet built on multi‑party computation. No single party holds a full private key. Zengo wallet overview.

Security is the pitch. Fraudulent wallet apps keep draining user funds; a recent case involved a fake Ledger app. Coinspeaker: fake Ledger app scam.

Traditional brokers are moving into direct crypto access. Charles Schwab rolled out trading in Bitcoin and Ethereum to 38.9 million active accounts. Coinspeaker: Schwab launches BTC and ETH trading.

“Move from access → control,” noted one observer about brokers buying wallet tech. Praveen Vemulapalli on X.