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eToro leads $12.5 million strategic funding to expand onchain futures

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CoinWorld News reports that eToro recently announced that it will lead a $12.5 million strategic funding round, investing in Extended, an onchain exchange focused on perpetual futures. In a July 2 announcement, Extended said that eToro led the investment, and Jump Crypto also participated in the deal. This funding is related to Extended’s collaboration with Zengo, a self-custody wallet that eToro acquired earlier, and both parties plan to jointly expand access to global financial markets through onchain infrastructure. eToro said that the partnership will explore ways to connect traditional financial assets with decentralized trading venues. Extended was founded by former Revolut employees and opened trading to all users by the end of 2024. The exchange focuses on perpetual futures, aiming to support self-custody trading while maintaining enough execution speed to meet the needs of active traders.
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Paper-CutOctopusMarketAnalysis
· 4h ago
$12.5 million strategic financing, but trading won't open until the end of the year. Isn't this pace a bit conservative?
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StopLossSparrow
· 4h ago
eToro made a brilliant move here—traditional broker plus on-chain perpetuals—and the Zengo wallet has truly unblocked its main channels.
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FomoLibrarian
· 4h ago
Jump Crypto's follow-on investment indicates that institutions are truly bullish on this sector, and the former Revolut team should have strong execution in product development.
View OriginalReply0

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