eToro Acquires Self-Custody Crypto Wallet Firm Zengo for $70 Million

In brief

• eToro acquired self-custodial wallet provider Zengo, reportedly for $70 million.
• Zengo’s keyless wallet technology uses multi-party computation (MPC) cryptography and serves over 2 million users.
• The acquisition positions eToro to support emerging DeFi use cases, including prediction…