eToro Leads $12.5 Million Round for Onchain Derivatives Platform Extended

Digital broker eToro led a $12.5 million funding round for onchain derivatives platform Extended on July 2, 2026. Jump Crypto and Alber Blanc participated in the round. Extended was founded by Ruslan Fakhrutdinov, former crypto head at Revolut.

As of June the platform had processed more than $245 billion in trading volume and supports more than 100 perpetual futures markets. The investment follows eToro's $70 million acquisition of self-custody wallet Zengo in April. eToro plans to integrate Extended's perpetual futures engine directly into the Zengo wallet.

"We are seeing growing demand from our users for seamless access to DeFi products," Elad Lavi, eToro executive vice president of corporate development and strategy, said. " The announcement came one day after rival Robinhood rolled out its own blockchain, expanded its tokenized stock offering and said it plans to extend perpetual futures into commodities such as gold and oil.

Extended plans to expand into spot trading, tokenized real-world assets and multi-asset collateral.

"The first phase was building for DeFi natives," Fakhrutdinov said. " Zengo managing director Ouriel Ohayon said eToro's investment reflects a mutual conviction that the future of trading will be digital, accessible and can operate 24/7, beyond the traditional trading week. eToro plans to bring broader DeFi products into its core platform over time.