We've got some pretty big news to share…
— Delta Crypto Portfolio Tracker (@get_delta) November 6, 2019
According to a recent article by TechCrunch, the Delta team, led by Nicolas Van Hoorde, will join eToroX, the company’s crypto exchange. The exact acquisition details have not been revealed but an insider indicated that the valuation is around $5 million.
“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 eToro CEO Yoni Assia, in a statement. “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.”
As we’ve previously reported, the Delta app offers a number of portfolio tracking features, charts and Pro-exclusive functionalities for thousands of cryptocurrencies. Delta also recently brought on a number of crypto news sources, including SludgeFeed, to provide high-quality market news to its users.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. SludgeFeed has a partnership with Delta to help bring transparency to crypto journalism. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.