eToro has led a $12.5 million strategic funding round for Extended, an onchain exchange specializing in perpetual futures. Jump Crypto also participated in the round, adding another institutional backer to the project’s investor base.
The investment is directly tied to eToro’s partnership with Zengo, the self-custody wallet it acquired earlier this year at a valuation of approximately $70 million. Extended, founded by former Revolut employees, began trading in late 2024 and is built on StarkWare’s StarkEx scaling engine, allowing high-throughput onchain settlement for derivatives.
eToro stated that the collaboration will explore opportunities to bridge traditional financial assets and decentralized trading environments, with Zengo’s multi-party computation (MPC) wallet technology playing a central role in reducing complexity for retail users. The move comes as the brokerage reported crypto profits of only $13 million in Q1 2026—down sharply from $46 million a year earlier—representing just 5% of its total net trading profit of $258 million. The funding round signals eToro’s intent to diversify beyond spot crypto trading and build a broader DeFi-connected product stack.
