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Key points
eToro has announced a strategic investment in Extended, an onchain perpetual futures exchange. This move signifies eToro's commitment to expanding its offerings in decentralized finance and integrating its recently acquired self-custody wallet, Zengo, more deeply into on-chain trading activities. The partnership aims to bridge traditional financial markets with next-generation on-chain infrastructure.
Extended, built on Starknet, was founded by former Revolut employees and supports over 100 markets across various asset classes, including crypto, equities, foreign exchange, and commodities. This broad market support aligns with eToro's vision of connecting traditional financial assets with decentralized trading environments.
Why it matters
The investment in Extended follows eToro's acquisition of Zengo, a self-custodial wallet provider, for approximately $70 million. This acquisition was intended to accelerate eToro's strategy of connecting traditional finance with on-chain infrastructure. By pairing Zengo's self-custody capabilities with Extended's derivatives engine, eToro seeks to offer onchain perpetuals to users who maintain control over their assets.
This development places eToro among other retail brokerages venturing into on-chain trading. Robinhood, for instance, recently launched Robinhood Chain, its own Arbitrum-based Layer 2 solution for financial services and real-world assets, highlighting a broader industry trend of brokers developing on-chain product suites beyond simple crypto spot trading.
Key facts
| Company | Development | Details |
|---|---|---|
| eToro | Strategic Investment | Invested in Extended, an onchain perpetual futures exchange. |
| Extended | Partnership | Will partner with Zengo, eToro's self-custody wallet, to expand access to global financial markets. |
| Zengo | Integration | eToro acquired Zengo earlier this year, aiming to enhance its on-chain strategy. |
| Market Trend | Brokerage Expansion | Retail brokers like eToro and Robinhood are building on-chain product suites. |
The integration of Extended's on-chain derivatives platform with Zengo's self-custody wallet aims to provide users with a more seamless and secure way to access decentralized perpetual futures trading while retaining full control of their assets. This move could potentially lower the barrier to entry for users interested in on-chain derivatives who are also concerned about asset security.
For crypto users, this partnership offers a potential pathway to trade perpetual futures on-chain with a wallet that emphasizes user control. The collaboration between a traditional brokerage looking to expand into DeFi and a Starknet-based derivatives exchange, supported by a self-custody wallet, signals a growing convergence of CeFi and DeFi.
The absence of specific investment figures from eToro and Extended, and the lack of a dedicated press release from either company at the time of publication, means the full scope and financial implications of the deal remain undisclosed. CoinDesk reported the funding round to be $12.5 million.
Source: The Defiant (https://thedefiant.io/news/cefi/etoro-strategic-stake-onchain-derivatives-extended-zengo)
Source-tracked CryptoRescue article.
Update log
- 3 Jul 2026Published with source tracking and reader-safety context.
- CorrectionsIf a source changes or a claim needs clarification, this page can be updated from the editorial desk.