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Extended Raises $12.5M in Strategic Round Led by eToro

AI Market Summary
eToro's $12.5M strategic investment in onchain perpetuals venue Extended, alongside Jump Crypto, signals continued institutional support for crypto market infrastructure. The partnership with Zengo and focus on integrating traditional financial assets into decentralized trading could broaden onchain distribution and deepen liquidity over time. Near term, the news is most relevant to listed crypto brokerage/exchange equities as it reinforces strategic commitment to digital asset product expansion.
Impact level
● Low
Affected assets
NCSKCOIN2USD/USDT+3.24%
AI Insight · NCSKCOIN2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
eToro said July 2 that it led a $12.5 million strategic funding round for Extended, an onchain perpetual futures exchange, with Jump Crypto also joining the raise, according to The Block. The investment is linked to a strategic partnership with eToro"s self-custody wallet Zengo. The two sides plan to work on connecting traditional financial assets with decentralized trading venues, aiming to broaden onchain access to global financial markets. Extended was founded by former Revolut employees, opened for trading in late 2024, and is built on StarkWare"s onchain scaling engine StarkEx.
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