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eToro Invests in Onchain Derivatives Exchange Extended and Partners with Zengo

eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and announced a partnership with Zengo, the self-custody wallet acquired earlier this year. The investment size was not disclosed.

eToro has taken a strategic stake in Extended, a platform that offers perpetual futures trading directly on the blockchain. This move indicates eToro's interest in expanding its presence in decentralized derivatives markets. The funding round also marks the beginning of a partnership between Extended and Zengo, a self-custody wallet provider that eToro acquired earlier this year. The details of the investment amount were not publicly disclosed. This collaboration aims to enhance the integration of self-custody solutions with decentralized trading platforms, potentially improving security and user control over digital assets. The involvement of eToro, a well-known social trading platform, signals growing institutional interest in decentralized derivatives and self-custody solutions. The partnership with Zengo could facilitate more seamless and secure trading experiences for users engaging with onchain derivatives.

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