Trading platform eToro led a $12.5 million strategic investment round in Extended, an onchain exchange for perpetual futures, announced Thursday. The investment is tied to a partnership with Zengo, the self-custody wallet eToro acquired earlier this year, which Bloomberg valued at around $70 million at the time of acquisition. Jump Crypto also participated in the funding round. The partnership aims to expand access to global financial markets through next-generation onchain infrastructure and explore opportunities to bridge traditional financial assets with decentralized trading environments.
Jump Crypto Joins Extended Funding Round
Jump Crypto participated in the $12.5 million strategic round led by eToro, according to Thursday's announcement. The investment marks a collaboration between eToro and Zengo to expand onchain trading infrastructure. eToro stated the partnership will focus on bridging traditional financial assets and decentralized trading environments through next-generation technology.
Extended Launches Trading on StarkEx Infrastructure
Extended, founded by former Revolut employees, opened trading in late 2024. The platform is built on StarkWare's onchain scaling engine, StarkEx, which provides the infrastructure for perpetual futures trading. The exchange focuses on delivering onchain derivatives trading capabilities to users through decentralized infrastructure.
Zengo Technology Integration into eToro Platform
Zengo, founded in 2018, built its wallet around multi-party computation cryptography, eliminating the need for seed phrases while offering token swaps, staking, and access to decentralized applications. eToro has been integrating Zengo's non-custodial wallet technology into its brokerage platform, broadening its digital asset stack and connecting it with onchain infrastructure. The integration expands eToro's self-custody capabilities following the acquisition.
eToro Reports Q1 2026 Crypto Profit of $13 Million
In May, eToro reported that its profit from crypto was $13 million in Q1 2026, representing approximately 5% of its total net trading profit of $258 million. This figure marks a significant decline from the $46 million generated during the same period in 2025. The Q1 2026 results reflect changing market conditions in eToro's crypto trading segment.
FAQ
What did eToro announce on Thursday regarding Extended?
eToro announced Thursday it led a $12.5 million strategic investment round in Extended, an onchain exchange for perpetual futures. The investment is tied to a partnership with Zengo, the self-custody wallet eToro acquired earlier this year, and Jump Crypto also participated in the round.
What technology does Extended use for its trading platform?
Extended is built on StarkWare's onchain scaling engine, StarkEx. The platform, founded by former Revolut employees, opened trading in late 2024 and focuses on providing onchain infrastructure for perpetual futures trading.
How much profit did eToro generate from crypto in Q1 2026?
eToro reported a profit of $13 million from crypto in Q1 2026, which represented about 5% of its total net trading profit of $258 million. This was down from $46 million generated during the same period in 2025.
