eToro leads $12.5M strategic investment in Extended, partners with Zengo for on-chain futures
Article excerpt
Highlighted: the sentence this signal was extracted from
The social trading giant is stitching together a self-custodial wallet, a perpetual futures engine, and 40 million registered users into one on-chain stack. Share eToro just wrote a $12.5 million check to Extended, an on-chain perpetual futures exchange built by former Revolut crypto team members. The investment, announced on July 2, also brings Jump Crypto and Alber Blanc into Extended's cap table. But the money is only half the story. eToro is simultaneously integrating Extended's perpetual futures engine with Zengo, the self-custodial wallet it acquired for roughly $70 million back in April. Extended launched on the Starknet mainnet in August 2025. Since then, it has opened up trading across more than 50 markets, with leverage options stretching up to 100x. The platform uses a hybrid central limit order book model, commonly shortened to CLOB. In English: it combines the matching efficiency of traditional exchange order books with the transparency and settlement guarantees of a blockchain. Zengo is the connective tissue in this deal. The self-custodial wallet, which eToro scooped up for approximately $70 million in April 2026, now serves over 2 million users worldwide. Its core selling point is multi-party computation technology, or MPC. Traditional crypto wallets rely on a single private key. Lose it, and your funds are gone forever. MPC splits that key into multiple...
Keep reading with a free account
The rest of this article, and every signal for eToro, is in your free account.
