Ether.fi announced on October 23 that it had acquired Zeal and opened an in-app option for Zeal users to migrate to ether.fi. Ether.fi promoted borrowing against a portfolio, earning, stock and gold trading, spending in 199 countries, and up to 4% cashback in the announcement.
The companies clarified that the deal covers selected Zeal assets, not user accounts, keys, or funds. Zeal says the transition is optional and nothing moves automatically; it also says the Zeal wallet is winding down and Gnosis Pay card services are ending (Zeal’s transition post, scope and wind-down post). A news report says card services end December 20, 2026, and that migration is already available (DefiPrime). The supplied sources describe an asset acquisition and migration offer, not a purchase of Zeal users’ wallets or funds.