In addition, you’ll be able to trade from the app via eToroX, eToro’s own crypto exchange. The idea with the Delta acquisition is to extend that so you’ll be able to track all your investments in once place, starting with crypto and eventually multi-asset. Meanwhile, eToro is talking up the fact that it is a regulated platform where you can hold crypto and traditional assets in the same portfolio. “The team will continue to be based in Belgium, working in close collaboration with eToro and eToroX employees across the globe,” says eToro.
The acquisition sees Delta become part of the eToro Group, while the Delta team led by Nicolas Van Hoorde will become part of eToroX, reporting to Doron Rosenblum. To date, Delta says it has seen 1.5 million downloads and has “hundreds of thousands” of active monthly users. It provides investors with a range of tools to track and analyse their crypto portfolios. 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.ĭelta’s crypto portfolio tracker app has support for more than 6,000 crypto assets from more than 180 exchanges. The Delta app helps investors make better decisions regarding their crypto investments by providing tools such as portfolio tracking and pricing data. 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.
Terms of the deal remain undisclosed, although one source tells me the deal was worth $5 million. The multi-asset investment platform eToro, which spans “social” stock trading to cryptocurrency, has acquired Delta, the crypto portfolio tracker app.
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