eToro Acquires Zengo to Push Into Prediction Markets and On-Chain Trading

eToro has acquired Zengo, an Israeli self-custodial crypto wallet maker, in a move designed to accelerate its entry into prediction markets and decentralized trading.

The Nasdaq-listed broker said the deal gives it a ready-made non-custodial platform to support tokenized assets, perpetuals, and event contracts — areas eToro has been openly building toward since early 2026. The company launched its own non-custodial wallet earlier this year with prediction market features, including a Polymarket integration.

Financial terms were not disclosed. The acquisition is subject to standard closing conditions.

Zengo is known for its keyless security system using multi-party computation cryptography. eToro plans to integrate the wallet’s technology over time, giving users access to decentralized finance products like yield-generating services and advanced trading models.

 

Learn how to trade currency pairs, stocks, Crypto, and CFDs on popular assets with Top Forex broker eToro

 

The move comes as prediction markets shift from a niche product to a major revenue driver. Rival Robinhood’s prediction markets unit has reportedly traded over 9 billion contracts and is on track for $300 million in annual revenue. Meanwhile, Kalshi has overtaken Polymarket as the largest US-regulated prediction market venue.

eToro CEO Yoni Assia said the company believes “the future of finance will be increasingly digital, decentralized and user-controlled.” Zengo’s CEO Ouriel Ohayon added that joining eToro will help accelerate their mission “at a global scale.”

Existing eToro users won’t see immediate changes, but broader DeFi access is expected down the line.

Risk disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 52% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.