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.
What Extended actually does
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.
