eToro Leads $12.5M Funding Round for On-Chain Perps Exchange Extended
On July 2, eToro announced it had spearheaded a $12.5 million funding round for Extended, an on-chain perpetual futures exchange established by former executives from Revolut. This funding round also saw participation from Jump Crypto and Alber Blanc and is associated with a collaboration that will integrate Extended's technology into Zengo, a self-custody wallet that eToro intends to purchase for approximately $70 million. This integration will allow Zengo users to trade on-chain derivatives while retaining control over their assets. Launched in late 2024 and built on StarkWare's StarkEx, Extended supports more than 100 perpetual markets and has handled over $245 billion in trading volume. eToro's investment seeks to connect traditional finance with blockchain trading amid rising competition in perpetual futures.
Key facts
- eToro led a $12.5 million strategic funding round for Extended.
- Extended is an on-chain perpetual futures exchange founded by former Revolut executives.
- The funding round was announced on July 2.
- Jump Crypto and Alber Blanc also participated in the round.
- Extended's perpetual futures technology will be integrated into Zengo, a self-custody wallet provider eToro agreed to acquire for ~$70 million.
- Extended is built on StarkWare's StarkEx scaling engine and settles on Ethereum.
- Extended has processed over $245 billion in cumulative trading volume as of June 2026.
- Decentralized exchanges' open interest in perpetual futures rose from 3.6% in early 2025 to 13.5% in 2026.
Entities
Institutions
- eToro
- Extended
- Zengo
- Jump Crypto
- Alber Blanc
- StarkWare
- CoinGecko
- Robinhood
- Coinbase
- Kalshi
- Polymarket
- Binance
- OKX
- NFT Plazas