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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.

Binance Officially Launches Prediction Markets

According to Binance, Binance Wallet has officially launched its prediction market feature. By integrating Predict.fun—the leading on-chain prediction market platform on the BNB Smart Chain (BSC)—users can now directly take positions on future outcomes across sports, economics, world events, culture, and cryptocurrency—all within the Binance App. This feature offers one-click access and supports direct trading using spot and funding account balances. Gas fees are fully covered by Binance Wallet, and both market orders and limit orders are supported. For security, Keyless MPC technology is employed. Upon market settlement, correctly predicted outcome shares are redeemed at $1 per share. Binance Wallet serves only as an access point and does not act as a counterparty to trades; the actual service is provided by Predict.fun. This feature is available only to users in select regions.