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EToro said Wednesday it agreed to acquire self-custodial crypto wallet provider Zengo, deepening the trading platform’s push into onchain products as digital assets remain central to its business.
The deal will let eToro add Zengo’s wallet technology and broaden its offering in areas such as tokenized assets, prediction markets, perpetuals and yield products, <a href="https://www.etoro.com/news-and-analysis/etoro-updates/etoro-expands-self-custodial-crypto-capabilities-with-zengo-acquisition/" rel="noopener noreferrer nofollow">according</a> to the company. Terms were not disclosed. Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-04-15/etoro-etor-to-acquire-crypto-wallet-startup-zengo-in-70-million-deal?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3NjI0NTExMSwiZXhwIjoxNzc2ODQ5OTExLCJhcnRpY2xlSWQiOiJUREZCSjNLSzNOWTgwMCIsImJjb25uZWN0SWQiOiIyMkJFQTBDNEVDODU0RDI1OTM4M0Q3Q0UxMzhCQzZBRCJ9.R20hVlLQ-eTRiG_kVIQ19NjxKLpjCdTHoulyL-zGaxg" rel="noopener noreferrer nofollow">reported</a> the transaction is worth about $70 million, mostly in cash, citing a person familiar with the matter.
CEO Yoni Assia said at Paris Blockchain Week during a fireside chat that the acquisition fits eToro’s effort to attract a more crypto native user base while expanding beyond regulated brokerage products into self-custody infrastructure.
Crypto activities have become an important revenue source for the platform. <a href="https://cointelegraph.com/news/etoro-shares-pop-crypto-revenues-bolster-q4-earnings" rel="noopener noreferrer nofollow">eToro reported total</a> revenue and income of $13.8 billion in 2025, of which $12.98 billion was revenue from crypto assets.
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d9079-b82d-7b67-a283-b0bdc69ce800.png" alt="EToro to acquire Zengo in self-custody push as CEO predicts $250K Bitcoin">
 <figcaption>Yoni Assia, CEO of eToro, speaking at Paris Blockchain Week in 2026. Source: Cointelegraph
 </figcaption>
</figure>
<h2 id="assia-keeps-250-000-bitcoin-target">Assia keeps $250,000 Bitcoin target</h2>
At Paris Blockchain Week, Assia said he expects the current market slowdown to last another quarter before Bitcoin (<a rel="noopener noreferrer nofollow">BTC</a>) returns to an accumulation phase, eventually pushing the token above $250,000.
<blockquote>
 “Bitcoin is on the path eventually to $250,000, $500,000 and beyond.”
</blockquote>
EToro’s CEO is the latest industry figure to call for a $250,000 Bitcoin price target, following BitMEX <a href="https://cointelegraph.com/news/bitcoin-price-250k-fed-qe-arthur-hayes" rel="noopener noreferrer nofollow">co-founder Arthur Hayes</a> and “Rich Dad Poor Dad” <a href="https://cointelegraph.com/news/robert-kiyosaki-says-hes-buying-targets-250k-bitcoin-27k-gold" rel="noopener noreferrer nofollow">author Robert Kiyosak</a>i.
Related: <a href="https://cointelegraph.com/news/deutsche-borse-invest-200m-kraken-exchange" rel="noopener noreferrer nofollow">Deutsche Börse invests $200 million in Kraken parent Payward</a>
However, other large companies remain divided on Bitcoin’s trajectory for the rest of the year, with some questioning the relevance of the four-year cycle theory.
<a href="https://cointelegraph.com/features/top-crypto-companies-split-bitcoin-2026-outlook" rel="noopener noreferrer nofollow">Galaxy Digital urged</a> investor caution and described the year ahead as “too chaotic to predict,” citing looming uncertainties such as the US midterm elections and shifting monetary policy.
<figure><img src="https://s3.cointelegraph.com/uploads/2026-04/019d9079-ba2f-7764-a9ec-a4280d4bc1ca.png" alt="EToro to acquire Zengo in self-custody push as CEO predicts $250K Bitcoin">
 <figcaption>Top assets by market capitalization. Source: CompaniesMarketCap
 </figcaption>
</figure>
Regardless of the timeline, a Bitcoin rally to $250,000 would require Bitcoin’s price to increase by about 3.3-fold and implies a $5 trillion market capitalization. This would make BTC the world’s second-largest asset after gold, up from the 12th spot, <a href="https://companiesmarketcap.com/assets-by-market-cap/" rel="noopener noreferrer nofollow">according</a> to CompaniesMarketCap data.<iframe src="https://www.youtube.com/embed/QYtO-H2yf34?start=" sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe>
Magazine: <a href="https://cointelegraph-magazine.com/?p=46542&amp;preview=true&amp;_thumbnail_id=46743" rel="noopener noreferrer nofollow">Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?</a>

EToro to acquire Zengo in self-custody push as CEO predicts $250K Bitcoin

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