Overview
- eToro led a $12.5 million funding round in Extended that was announced on July 2 and included participation from Jump Crypto and investor Alber Blanc.
- The companies plan to integrate Extended’s perpetual‑futures engine directly into Zengo so users can access onchain derivative markets while retaining self‑custody via Zengo’s multi‑party computation wallet design.
- Extended, founded by ex‑Revolut crypto staff, runs on Starknet/StarkEx and has reported roughly $245 billion in cumulative trading volume across more than 100 perpetual markets and offers leverage up to 100x.
- eToro positions the move as part of a wider DeFi push that follows its April Zengo acquisition and comes as brokerages and exchanges such as Robinhood and Coinbase expand tokenized products and perpetual futures.
- Watch for near‑term effects on retail access and regulation because the integration could broaden user use of high‑leverage onchain products and will require eToro to navigate differing national rules for derivatives and custody.