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Social trading and multi-asset investment company

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eToro is a social trading and multi-asset investment company that focuses on providing financial and copy trading services. They offer stocks, Exchange-Traded Funds (ETFs) and cryptocurrencies as investment products. In 2019, eToro launched their professional crypto exchange, eToroX.

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Stablecoin payment platform OpenPayd to list on Nasdaq via SPAC at an estimated valuation of approximately $1.145 billion

stablecoin payment infrastructure platform OpenPayd has announced a definitive business combination agreement with special purpose acquisition company (SPAC) Titan Acquisition Corp. Upon completion of the transaction, OpenPayd will be listed on Nasdaq under the ticker symbol "OP", with a post-combination enterprise valuation of approximately $1.145 billion. OpenPayd currently offers stablecoin transaction services, counting eToro, Kraken, and OKX among its clients. According to reports, assuming Titan shareholders do not redeem their shares, OpenPayd is expected to secure up to $276 million in financing to strengthen its balance sheet and expand its financial infrastructure capabilities. (Businesswire)

Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance

: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)

UAE Investors Buck the Trend, Increasing AI and Crypto Holdings Amid Gulf Tech Ambitions Undergoing Conflict Stress Tests

According to CoinTelegraph, eToro’s latest data shows that during the sharp decline in AI and tech stocks in Q1 2026, investors in the United Arab Emirates (UAE) bucked the trend by increasing their positions—particularly in AI infrastructure and software stocks such as ServiceNow (+125%), Super Micro Computer (+65%), Adobe (+54%), and Oracle (+38%). Regarding crypto-related equities, Strategy Inc. remained the eighth-largest holding, reflecting investors’ continued exposure to crypto assets. Deutsche Bank’s report dated April 13 noted that this conflict is more likely to strengthen—not weaken—Gulf-region demand for AI, cybersecurity, and sovereign digital infrastructure.

eToro Announces Acquisition of Self-Custody Wallet Zengo to Accelerate Expansion into On-Chain Financial Ecosystem

According to GlobeNewswire, eToro, a trading and investment platform, announced it has signed an agreement to acquire Zengo, a leading self-custodial crypto wallet provider. This acquisition aims to deepen eToro’s digital asset capabilities and accelerate its strategic initiative to bridge traditional finance with on-chain infrastructure. Founded in 2018, Zengo builds its keyless wallet architecture on Multi-Party Computation (MPC) cryptographic technology. It currently serves over 2 million users across more than 180 countries and regions, and has never experienced a wallet breach since its inception. Following the acquisition, eToro will leverage Zengo’s technological expertise to further support decentralized trading use cases—including tokenized assets, prediction markets, and perpetual contracts. The transaction is subject to customary closing conditions.

eToro's May AUM Reaches $20.1 Billion, Crypto Business Remains Weak

eToro has released its core business data for May 2026: Assets Under Administration (AUA) reached $20.1 billion, up 18% year-over-year; funded accounts increased to 4.23 million, up 17% year-over-year, with the acquisition of Zengo and Bit2C contributing 110,000 accounts. Trading activity showed clear divergence: the capital markets segment (stocks, commodities, forex, etc.) performed strongly, with 64 million trades, a significant 59% increase year-over-year, although the average trade size fell to $201, down 36% year-over-year. The crypto business continued to face pressure, with 2.2 million crypto asset trades in May, down 31% year-over-year; the average trade size was $203, down 28% year-over-year, indicating a simultaneous weakening of market risk appetite and trading activity. (Globenewswire)

Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance

: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)

eToro Announces Acquisition of Self-Custody Wallet Zengo to Accelerate Expansion into On-Chain Financial Ecosystem

According to GlobeNewswire, eToro, a trading and investment platform, announced it has signed an agreement to acquire Zengo, a leading self-custodial crypto wallet provider. This acquisition aims to deepen eToro’s digital asset capabilities and accelerate its strategic initiative to bridge traditional finance with on-chain infrastructure. Founded in 2018, Zengo builds its keyless wallet architecture on Multi-Party Computation (MPC) cryptographic technology. It currently serves over 2 million users across more than 180 countries and regions, and has never experienced a wallet breach since its inception. Following the acquisition, eToro will leverage Zengo’s technological expertise to further support decentralized trading use cases—including tokenized assets, prediction markets, and perpetual contracts. The transaction is subject to customary closing conditions.

Related news

eToro's May AUM Reaches $20.1 Billion, Crypto Business Remains Weak

eToro has released its core business data for May 2026: Assets Under Administration (AUA) reached $20.1 billion, up 18% year-over-year; funded accounts increased to 4.23 million, up 17% year-over-year, with the acquisition of Zengo and Bit2C contributing 110,000 accounts. Trading activity showed clear divergence: the capital markets segment (stocks, commodities, forex, etc.) performed strongly, with 64 million trades, a significant 59% increase year-over-year, although the average trade size fell to $201, down 36% year-over-year. The crypto business continued to face pressure, with 2.2 million crypto asset trades in May, down 31% year-over-year; the average trade size was $203, down 28% year-over-year, indicating a simultaneous weakening of market risk appetite and trading activity. (Globenewswire)

Stablecoin payment platform OpenPayd to list on Nasdaq via SPAC at an estimated valuation of approximately $1.145 billion

stablecoin payment infrastructure platform OpenPayd has announced a definitive business combination agreement with special purpose acquisition company (SPAC) Titan Acquisition Corp. Upon completion of the transaction, OpenPayd will be listed on Nasdaq under the ticker symbol "OP", with a post-combination enterprise valuation of approximately $1.145 billion. OpenPayd currently offers stablecoin transaction services, counting eToro, Kraken, and OKX among its clients. According to reports, assuming Titan shareholders do not redeem their shares, OpenPayd is expected to secure up to $276 million in financing to strengthen its balance sheet and expand its financial infrastructure capabilities. (Businesswire)

Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance

: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)

eToro's Q1 crypto revenue declines year-over-year as industry trading activity cools

trading platform eToro's latest financial results show crypto asset revenue for the first quarter of 2026 fell to $2.15 billion, down from $3.5 billion in the same period last year; the total number of crypto transactions on the platform decreased by 32% year-over-year.Despite the decline in trading activity, eToro continued to invest in its crypto business during the quarter, including the acquisition of self-custody wallet company Zengo for $70 million and the launch of crypto trading services in New York.This trend aligns with the overall performance of the industry. Robinhood saw its Q1 crypto revenue and trading volume both drop by approximately 50%, and Coinbase also recorded a net loss of $394 million, indicating that crypto trading platforms generally faced market cooling pressure in early this year.

UAE Investors Buck the Trend, Increasing AI and Crypto Holdings Amid Gulf Tech Ambitions Undergoing Conflict Stress Tests

According to CoinTelegraph, eToro’s latest data shows that during the sharp decline in AI and tech stocks in Q1 2026, investors in the United Arab Emirates (UAE) bucked the trend by increasing their positions—particularly in AI infrastructure and software stocks such as ServiceNow (+125%), Super Micro Computer (+65%), Adobe (+54%), and Oracle (+38%). Regarding crypto-related equities, Strategy Inc. remained the eighth-largest holding, reflecting investors’ continued exposure to crypto assets. Deutsche Bank’s report dated April 13 noted that this conflict is more likely to strengthen—not weaken—Gulf-region demand for AI, cybersecurity, and sovereign digital infrastructure.

eToro Acquires Wallet Provider Zengo to Enhance Crypto Self-Custody Capabilities

Odaily News eToro announced the acquisition of crypto wallet provider Zengo to enhance its platform's self-custody capabilities and drive its transition towards on-chain financial services. The specific acquisition amount has not been disclosed. Zengo builds a keyless wallet architecture based on Multi-Party Computation (MPC) technology. Through this acquisition, eToro will gain control of wallet infrastructure, enabling users to independently hold and manage digital assets, thereby expanding its original custody-centric brokerage business model. (Financefeeds)