eToro trading and investment platform, has announced its acquisition of Delta, a crypto portfolio management tool, for an undisclosed sum. The acquisition by eToro is to help the company’s many customers improve their decision making process, and provide more information about their digital asset investments as well as track their portfolio.
The Delta app is a tracker with support for over 180 different exchange platforms, as well as more than 6,000 digital assets. The app also boasts of more than a few hundred thousand active monthly users and over 1.5 million downloads.
Delta CEO Nicolas Van Hoorde, has said that the move is a beneficial one for both companies as they both have very similar underlying goals of progress for the sector. According to Van Hoorde:
“This acquisition makes sense for Delta, eToro and most importantly our respective users. There are strong synergies between the two companies and we have many shared values, in particular the focus on community and continuous innovation.”
According to the managing director of eToro subsidiary eToro X, Doron Rosenblum, Delta will be incorporated with the subsidiary, allowing users to handle trades directly from the app. In addition, there are plans to further increase the already impressive number of supported assets.
The acquisition of Delta is the second one for eToro in 2019. Back in March, a smart contracts company called Firmo, was acquired by eToro.
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