eToro leads $12.5 million round in onchain perps exchange Extended
Quick TakeThe investment is tied to a partnership between Extended and Zengo, the self-custody wallet eToro acquired earlier this year.Jump Crypto also participated in the round. Trading platform eToro said Thursday it led a $12.5 million strategic round in Extended, an onchain exchange for perpetual futures. Etoro said the investment is tied to a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. At the time of the acquisition, Bloomberg reported Zengo was valued at around $70 million. “The partnership will focus on expanding access to global financial markets through next-generation on-chain infrastructure,” eToro said in a post on X. “Together, we will explore opportunities to bridge traditional financial assets and decentralized trading environments.” Jump Crypto also participated in the round, according to Thursdays post. Extended, founded by former Revolut employees, opened trading in late 2024, according to a statement at the time. The platform is built on StarkWares onchain scaling engine, StarkEx. Zengo, which was founded in 2018, built its wallet around multi-party computation cryptography, removing the need for seed phrases while offering token swaps, staking, and access to decentralized applications. Etoro has been integrating the non-custodial wallets technology into its brokerage platform, broadening its digital asset stack and connecting it with onchain









