Social trading giant eToro just sealed a $70 million acquisition of Zengo, the self-custody crypto wallet firm, marking a bold push into secure, user-controlled storage solutions. This move ramps up eToro's edge in the crypto wallet acquisition space, where demand for non-custodial options surges alongside Bitcoin and BTC volatility. Zengo's tech, known for keyless security, integrates seamlessly into eToro's platform, eyeing eToro crypto expansion and self-custody wallet market dominance. Traders see this as a strategic grab amid Zengo acquisition impact on retail investors, especially after last quarter's BTC rallies that exposed custody risks. Deal closes eToro's gap in wallet tech, positioning it against rivals in the evolving crypto landscape.