The global eToro investment platform announced yesterday the purchase of Delta for an undisclosed amount.
Delta App is one of the main crypto portfolios within the crypto market, which has within its platform the management of more than 6,000 cryptocurrencies and crypto assets of more than 180 different crypto exchanges.
The application is well known within the crypto ecosystem for its undeniable quality, which is reflected in the extremely popular user reviews, 4.8 on average on iOS and 4.6 on Android 5, and its award-winning user interface Winner of the Webby Judges 2018 Award for the best UI / UX mobile application.
This tool provides its users with all the tools to track prices and different data of these cryptos. To date, Delta has been downloaded by more than 1.5 million users and has hundreds of thousands of monthly active users.
Based on what the eToro team has said delta will help its investors make better financial decisions.
“We are very excited to announce that Delta will become part of the eToro Group. This is our second acquisition this year and reflects our commitment to continuous growth and innovation.
When we started with eToro, our goal was to disrupt the world of finance and trading. We wanted to change the way people think about trade and investment, ultimately reducing dependence on traditional financial institutions and making trading and investment more transparent, fun and less frictional and we will continue to evolve both internally and through acquisitions to provide our customers with the best possible experience, as it has always characterized us ”.
The monetary terms of the agreement remain undisclosed, although rumors say Delta’s purchase by eToro amounts to $ 5 million. It is not clear whether it is just the acquisition of shares or was a cash payment (or a combination of both) and whether it depends on future goals being met before completing the terms of the contract.
For his part, Delta CEO Nicolas Van Hoorde said:
“This acquisition makes complete sense for Delta, eToro and most importantly for our respective users.
There are strong synergies between the two companies and we have many shared values, in particular the focus on always positioning the community first and continuous innovation.
Both companies have succeeded because we have built a working group focused on supporting users and the committed; and we are committed to creating cutting-edge technology for users. ”
It is true that Delta is very much in line with the evolution that eToro has presented in recent years, which not only wants to be the leader of the commission-free sector and in ETF crypto, but has also ambitiously ventured into the crypto verse, as for example more recently expanded its crypto trading operations to US territory 🇺🇸.
The acquisition makes Delta immediately become part of the eToro Group, while Delta’s specialized team, led by Nicolas Van Hoorde, will become part of eToroX, and join forces with Doron Rosenblum.
“The team will remain based in Belgium, working closely with eToro and eToroX employees worldwide,” says eToro.
Rosenblum said that the acquisition of this app is fantastic, and that Delta will be a great addition to the crypto solutions offer from eToro.