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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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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)
eToro CEO: Bought 4000 BTC at around $5 from 2011 to 2012, sold when value reached $50 million
Odaily News: Yoni Assia, CEO of eToro, stated at @parisblockweek that eToro purchased BTC at approximately $5 per coin between 2011 and 2012, accumulating a holding of 4000 BTC. The position was later sold when the investment's value reached $50 million. (Cointelegraph)
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.