Investment platform eToro acquires crypto portfolio tracker app Delta
Terms of the deal remain undisclosed, although one source tells me the deal was worth $5 million. It is not clear if it is stock only or cash (or a mixture of both) and if it is contingent on any future targets being met.
The Delta app helps investors make better decisions regarding their crypto investments by providing tools such as portfolio tracking and pricing data. It very much fits with the evolution of eToro, which not only wants to “own” the commission free stocks (and ETF) space, but has also ventured ambitiously into crypto — most recently bringing crypto asset trading to the U.S.
Delta’s crypto portfolio tracker app has support for over 6,000 crypto assets from more than 180 exchanges. It provides investors with a range of tools to track and analyse their crypto portfolios. To date, Delta says it has seen 1.5 million downloads and has “hundreds of thousands” of active monthly users.
The acquisition sees Delta become part of the eToro Group, while the Delta team led by Nicolas Van Hoorde will become part of
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