eToro Acquires Zengo in Self-Custody Push, CEO Predicts $250K Bitcoin
eToro is acquiring Zengo to enhance its self-custody offerings and expand into tokenized assets, with CEO Yoni Assia predicting a Bitcoin rally to over $250,000.Summary
Trading platform eToro has announced its agreement to acquire self-custodial wallet provider Zengo, a move aimed at deepening its involvement in on-chain products and attracting a more crypto-native user base. The acquisition will integrate Zengo's wallet technology into eToro's offerings, expanding into areas like tokenized assets, prediction markets, perpetuals, and yield products. While deal terms were not disclosed, Bloomberg reported the transaction is valued at approximately $70 million, largely in cash. eToro CEO Yoni Assia also shared his optimistic outlook on Bitcoin, predicting a market slowdown for another quarter before an accumulation phase drives the price above $250,000, potentially reaching $500,000 and beyond. This prediction aligns with other industry figures, though some analysts remain cautious about Bitcoin's trajectory due to market uncertainties.
(Source：Cointelegraph)