- eToro invested $12.5 million in Extended.
- The deal expands its onchain trading strategy.
- Extended specializes in decentralized perpetual futures.
- The partnership builds on eToro's Zengo acquisition.
Trading platform eToro has led a $12.5 million strategic investment in Extended, a decentralized exchange focused on onchain perpetual futures trading.
The funding is closely tied to eToro's integration of Zengo, the self-custody wallet it acquired earlier this year, as the company continues expanding beyond traditional brokerage services into decentralized finance.
Extended, founded by former Revolut employees, operates on StarkWare's StarkEx scaling technology and offers fully onchain perpetual futures markets.
Through the partnership, eToro and Extended plan to explore ways of connecting traditional financial assets with decentralized trading infrastructure, further bridging conventional finance and blockchain-based markets.
Jump Crypto also participated in the investment round, highlighting continued institutional interest in decentralized trading platforms despite broader market volatility.
The investment reflects eToro's broader strategy of expanding its crypto ecosystem following its recent wallet acquisition and growing focus on onchain financial services.
