Zengo Adds Avalanche Support for 2 Million Users
The wallet app now lets its users buy, sell, swap, send and receive AVAX and related assets from their phones.
Updated on Nov. 4, 2026 in Investing
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Zengo has opened Avalanche support to more than 2 million registered users across more than 180 countries, on both iOS and Android. Users can buy, sell, swap, send and receive AVAX and related assets directly from the app.
Why it matters
The expansion brings a large user base onto the Avalanche network through a self-custody wallet that avoids seed phrases. It follows eToro's acquisition of Zengo for approximately $70 million in April 2026.
Zengo reports more than 2 million registered users across more than 180 countries, and eToro acquired the company for approximately $70 million in April 2026. The source does not disclose how many of those users are active or how the support will affect trading volumes.
The players
Zengo
Zengo is a self-custody crypto wallet founded in 2018 that uses multi-party computation instead of seed phrases.
eToro
eToro is a global trading platform that acquired Zengo for approximately $70 million in April 2026.
The details
Zengo users can buy, sell, swap, send and receive AVAX and related assets from their phones. The wallet uses patent-protected multi-party computation, which splits transaction signing across multiple parties so no single party holds full control, and layers biometric authentication on top; the company reports a zero-hack record since its 2018 launch.
Timeline
April 2026: eToro acquired Zengo for approximately $70 million.
November 4, 2026: Zengo announced the Avalanche integration for its 2 million users.
Market Dynamics
Zengo's expansion relies on multi-party computation, a custody design that splits transaction signing across several parties instead of relying on a single seed phrase. The company already integrates with Solana and Chiliz Chain, so Avalanche support extends a multi-chain pattern rather than starting a new one.
Users who hold AVAX can now buy, sell, swap, send and receive it inside Zengo on their phones, without managing a separate seed phrase. The wallet's recovery options are designed to avoid single points of failure, which matters for anyone storing crypto assets.
The takeaway
Self-custody wallets that split signing across multiple parties offer an alternative to seed phrases, but users should compare recovery options before moving assets. Check which chains a wallet supports before relying on it for a given asset.
Further reading
For more on how self-custody wallets are changing how people hold digital assets, see Investing.
Source note: This article includes information reported by Crypto Briefing.
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