EToro has taken a strategic stake in Extended, an onchain perpetual futures exchange, marking the first collaboration between the trading platform and its recently acquired self-custody wallet, Zengo. The investment and partnership were announced on X.
What Extended brings to the table
Extended operates as a decentralized exchange for perpetual futures, a type of derivative contract that allows traders to speculate on asset prices without an expiry date. The platform runs on blockchain infrastructure, meaning trades are settled onchain rather than through a centralized order book. The funding from eToro is expected to help Extended scale its technology and user base.
Zengo's role in the deal
The investment round also kicks off a partnership between Extended and Zengo, the self-custody wallet eToro acquired earlier this year. Zengo offers a non-custodial wallet that uses multi-party computation to secure private keys, aiming to reduce the risk of hacks while keeping users in control of their funds. The partnership suggests that Extended's trading features will be integrated with Zengo's wallet, though specific details of the integration have not been disclosed.
eToro's broader crypto push
EToro, a social trading and multi-asset brokerage, has been expanding its crypto footprint. The acquisition of Zengo in early 2025 signaled a move toward self-custody solutions, a growing demand among crypto traders. By investing in Extended, eToro gains exposure to the onchain derivatives market, which has seen rising volumes as traders seek alternatives to centralized exchanges. The company did not disclose the size of the investment.
The companies have not announced a timeline for when the Extended-Zengo integration will go live. Users of both platforms will be watching for details on how the wallet will interact with the perpetuals exchange, and whether eToro plans to offer the product directly to its own customer base. The announcement on X was brief, leaving many questions about the technical and commercial roadmap unanswered.
