eToro led a $12.5 million strategic investment round in Extended, a Starknet-based onchain perpetual futures exchange.
The Extended investment also included participation from Jump Crypto and Alber Blanc. Extended was founded by former Revolut crypto team members and is led by Ruslan Fakhrutdinov, Revolut’s former crypto head.
The round is tied directly to eToro’s self-custody strategy. eToro plans to integrate Extended’s perpetual futures engine into Zengo, the self-custodial wallet it acquired in April.
Extended had processed more than $245 billion in trading volume by June and supports more than 100 perpetual markets. The platform is built for onchain derivatives trading across crypto and traditional market-linked instruments.
Zengo Becomes Perps Access Layer
eToro announced the Zengo acquisition on April 15, saying the wallet deal would support tokenized assets, prediction markets, perpetuals and other onchain finance use cases.
Zengo uses multi-party computation wallet architecture and lets users access self-custody tools without a traditional seed phrase setup. eToro’s plan with Extended adds a derivatives layer to that wallet path.
The integration would let users access onchain perps through Zengo while retaining custody of assets. That separates the product from a normal centralized-exchange futures account, where users usually hold collateral directly on the exchange.
eToro has not published a full launch date, supported market list, fee schedule or jurisdiction-by-jurisdiction availability for the Zengo and Extended integration.
Brokers Push Deeper Into Onchain Derivatives
The deal comes as trading apps and exchanges move perpetual futures into broader consumer and institutional products.
Robinhood recently expanded its wallet and chain strategy with EU perpetual futures covering crypto, ETFs, commodities and currencies. That rollout connected wallet access, tokenized finance and derivatives inside the same product push.
VALR also moved perps closer to normal exchange accounts by integrating Hyperliquid for 200-plus perpetual markets across crypto, equities, commodities and forex.
Extended’s role is different because the Zengo integration is built around self-custody. The trading engine supplies the perps infrastructure, while Zengo acts as the wallet interface and eToro provides distribution through its wider crypto and multi-asset user base.
As of July 4, eToro had led the $12.5 million Extended round, Jump Crypto and Alber Blanc had joined the investment, and the Zengo perps integration had been announced without a public launch date.
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