Trading platform eToro Acquires Cryptocurrency Portfolio App Delta

Trading platform, eToro has acquired the cryptocurrency portfolio app Delta that tracks around 6000 different cryptocurrencies and tokens over 180 exchanges.

On No. 6 a PR Newswire reported that eToro acquired Delta for an undisclosed amount although an Israeli tech publication CTech reported that the deal was worth approximately $5 million

Yoni Assia, Co-founder and CEO of eToro: “We are excited to announce that Delta will become part of the eToro Group. This is our second acquisition this year and reflects our commitment to continued growth and innovation…"@yoniassia @get_delta @TechCrunch — eToro (@eToro) November 6, 2019

The managing director of eToroX, Doron Rosenblum, said that they would integrate Delta with eToroX whereby users could trade directly from within the app. eToroX will also expand Delta’s supported assets beyond cryptocurrencies.

eToro created its subsidiary company eToroX back in 2018 that provides a wallet for digital assets and will eventually open an exchange.

Acquisitions by eToro

In March 2019, eToro acquired Firmo, a smart contracts development company. The staff of Firmo would act as the internal innovation team at eToro that would work on the tokenization of its assets.

Just last month eToro launched an analytical tool in partnership with The Tie. The analytical tool tracks people’s perception of cryptocurrencies by analyzing tweets and conversations related to the topic through machine learning and natural language processing technology.

Source: PR Newswire | CTECH Image: Shutterstock