eToro acquires Delta portfolio tracker in second acquisition of the year

One of the leading trading platforms in the world, eToro, has announced that it has acquired Delta, a crypto portfolio management app.

The acquisition, which is the second deal eToro made this year, is in line with the company's planned expansion strategy.

Following through on its plans to expand its reach and the services it offers, crypto trading platform eToro has acquired Delta, a crypto portfolio tracking application.

Announced in a press release, the acquisition is the second deal the growing trading platform has made this year.

"Nicolas Van Hoorde, the CEO of Delta, said that the acquisition made sense both for Delta and for eToro and that their users could benefit from the merging of their services. He said in the press release".

According to eToro, Van Hoorde's Delta team will become a part of eToroX, the blockchain subsidiary of eToro, and will be reporting to its managing director Doron Rosenblum.

eToro on its way to grab bigger shares of the market.

Founded back in 2007, eToro was one of the first traditional trading platforms to adopt crypto trading.

The company seems to have ramped up its efforts to grab a bigger share of the market-earlier this year, eToro acquired Firmo, a Danish startup that enables smart contracts for derivatives to be securely enabled on any major blockchain.

At the time, Yoni Assia, the co-founder and CEO of eToro, said that the acquisition enabled the company to accelerate the growth of its tokenized assets offering.