eToro leads $12.5M strategic investment in derivatives platform Extended

Digital broker eToro has led a $12.5 million funding round for Extended, an onchain perpetual futures exchange founded by former Revolut employees, as competition intensifies around blockchain based trading infrastructure.

eToro leads a strategic investment in Extended@eToro is now a strategic investor in Extended. The investment round also marks the beginning of a partnership between Extended and @Zengo, a self-custody wallet recently acquired by eToro. The partnership will focus on expanding… pic.twitter.com/WZRDQq3Sqw

— Extended (@extendedapp) July 2, 2026

The investment follows eToro’s $70 million acquisition of self custody wallet Zengo in April and provides a clearer view of the broker’s strategy for bringing decentralized finance products to mainstream investors.

EToro plans to integrate Extended’s perpetual futures engine directly into the Zengo wallet, allowing users to access onchain derivatives while retaining custody of their assets.

The companies will also explore ways to connect traditional financial assets with decentralized trading environments. Over time, eToro plans to introduce a broader range of DeFi products within its main platform.

The move comes as competition among digital brokerages shifts toward blockchain based trading infrastructure.

Robinhood on Wednesday unveiled its own blockchain, expanded its tokenized stock offering and outlined plans to extend its perpetual futures business beyond crypto assets into commodities including gold and oil.