News linked to both this project and an event.
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)
: 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)
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.