eToro Leads $12.5 Million Funding Round in Onchain Perpetual Exchange Extended
Trading platform eToro has led a $12.5 million strategic funding round for Extended, an onchain perpetual futures exchange. The investment strengthens eToro’s expansion into decentralized finance (DeFi) and supports the development of next-generation blockchain trading infrastructure.
Investment Supports Strategic Partnership
The funding is part of a broader partnership between Extended and Zengo, the self-custody crypto wallet acquired by eToro earlier this year.
According to eToro, the collaboration aims to expand access to global financial markets through advanced onchain technology. The companies also plan to connect traditional financial assets with decentralized trading ecosystems.
Jump Crypto joined the funding round as an additional investor.
Extended Expands Onchain Trading
Extended was founded by former Revolut employees and officially launched its trading platform in late 2024. The exchange is powered by StarkWare’s StarkEx scaling technology, allowing users to trade perpetual futures with improved speed and efficiency.
The platform focuses on delivering a seamless onchain trading experience while maintaining the security and transparency of blockchain technology.
Zengo Strengthens eToro's Digital Asset Strategy
Founded in 2018, Zengo offers a self-custody wallet built on multi-party computation (MPC) technology. This removes the need for traditional seed phrases while supporting token swaps, staking, and decentralized applications (dApps).
Since acquiring Zengo, eToro has been integrating its technology into its brokerage platform to expand its digital asset services and strengthen its onchain ecosystem.
Crypto Revenue Declines Despite Expansion
In its latest financial results, eToro reported $13 million in crypto-related profit during the first quarter of 2026. Crypto accounted for approximately 5% of the company’s total net trading profit of $258 million.
The figure marks a decline from the $46 million in crypto profit recorded during the same period in 2025.
What This Means for eToro
The investment in Extended reflects eToro’s long-term commitment to blockchain innovation and decentralized finance. By combining self-custody technology with onchain trading infrastructure, the company is positioning itself to support the next generation of digital asset markets.
