eToro Acquires Delta Cryptocurrency Portfolio Tracking Company

The eToro trading platform announced the purchase of the popular Delta cryptocurrency portfolio return tracking service. The transaction amount is estimated at $ 5 million.

Delta allows you to track the 6,000 cryptocurrencies available on 180 trading floors. The mobile application of the service has been downloaded more than 1,500,000 times, and the monthly active audience of the service is hundreds of thousands of people. Delta CEO Nicolas Van Hoorde noted in a press release:

“This merger is beneficial for both Delta and eToro, and for users of both companies. There is close synergy between the companies. We share common values, in particular, attention to the community and continuous innovation. Both companies have been successful because we are building great communities in which we support users. We are trying to create advanced user-oriented technologies. ”

Delta is the second acquisition of the eToro platform this year. In March, eToro acquired the Danish company Firmo, specializing in the development of smart contracts for derivatives that are supported on any major blockchain.