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>>Extended, an on-chain perpetual futures platform, has secured $12.5 million in funding, with eToro spearheading the round.

Extended, an on-chain perpetual futures platform, has secured $12.5 million in funding, with eToro spearheading the round.

crypthub

7/3/2026, 5:02:29 AM

Strategic Investment

eToro led a $12.5 million funding round for Extended, an on‑chain perpetual futures exchange. The deal aligns with eToro’s April acquisition of the self‑custody wallet Zengo, now valued around $70 million. Jump Crypto also participated, signaling strong confidence in Extended’s infrastructure. The investment ties Extended’s futures engine directly to Zengo’s wallet.

Technology and Integration

Extended runs on StarkWare’s StarkEx validity‑rollup, offering high‑throughput, low‑cost trading on Ethereum. Its perpetual futures platform will be embedded in Zengo, letting users trade derivatives while retaining full custody of assets. Although Extended has not disclosed traffic or volume metrics, the backing reflects belief in its long‑term scalability.

Brokerage Shift to DeFi

Traditional brokers are now partnering with on‑chain providers instead of building proprietary stacks. eToro joins Robinhood and Coinbase in expanding retail access to perpetual futures and tokenized assets. This collaboration merges customer‑facing compliance and distribution with decentralized trading engines, creating a unified Web3 offering.

Market Impact

eToro’s crypto revenue has fallen sharply, making the Extended partnership a pivotal growth avenue. Success will hinge on Zengo delivering a simple, self‑custody experience for retail traders. If effective, the model could cement infrastructure firms like Extended as essential back‑ends for mainstream digital brokerage platforms.