Crypto Investment Platform eToro Acquires Portfolio Tracking App Deltabr>
Founded in 2007, eToro is a regulated global brokerage firm for trading cryptocurrencies, stocks, commodities, ETFs and more. It has created a global community of more than ten million registered users who share their investment strategies and anyone can follow the approaches of those who have been the most successful. The platform allows investors to hold commodities, stocks, ETFs and cryptocurrencies, alongside thousands of other financial instruments all in one portfolio.
Delta helps investors make better decisions regarding their crypto investments by providing tools such as portfolio tracking and pricing data. It covers over 6,000 cryptoassets from more than 180 exchanges. To date, Delta has been downloaded by over 1.5 million users and has hundreds of thousands of active monthly users.
With this acquisition, eToro’s user base will expand to include the Delta’s 1.5 million users. The Delta team, under the leadership of Nicolas Van Hoorde, will become part of eToroX reporting to Doron Rosenblum, Managing Director of eToroX, the blockchain subsidiary of eToro. The team will continue to be based in Belgium, working in close collaboration with eToro and eToroX employees across the globe.
“This acquisition makes sense for Delta, eToro and most importantly our respective users,” Van Hoorde said. “There are strong synergies between the two companies and we have many shared values, in particular the focus on community and continuous innovation. Both companies have been successful because we’ve built supportive and engaged communities and have a commitment to build user-first, cutting edge technology.”
“At a time when other fintechs state that they are not even targeting profitability, we are proud to be a well funded, profitable business that is growing both in terms of geographical coverage but also product range,” said Yoni Assia, CEO and Co-Founder of eToro. “We are a trading and investing platform that not only provides clients with access to the assets they want from commission-free stocks and ETFs through to FX, commodities and cryptoassets, but also lets customers choose how they invest. They can trade directly, copy another trader or invest in a portfolio. We believe in empowering our clients and the acquisition of Delta will allow us to add an important new element to our offering.”