eToro Invests in Extended to Boost Onchain Derivatives

Trading platform eToro has officially become a strategic investor in Extended. This move signals a push by the company to expand its reach into the onchain perpetual futures market. Extended shared the news recently, confirming that the funding round is already sparking new industry collaborations.

The partnership also includes Zengo, the self custody wallet firm that eToro brought into its business earlier this year. By connecting Extended with Zengo, the companies aim to make decentralized derivatives more accessible to everyday users.

This investment reflects a broader trend of traditional trading firms integrating decentralized infrastructure into their offerings. Traders should watch how these tools integrate with the Zengo wallet, as this could simplify how users access complex financial products on the blockchain.

Keep an eye on whether eToro starts offering these specific onchain trading services directly to its massive global user base. This shift toward decentralized finance tools shows that major platforms are prioritizing self custody and onchain capabilities.