According to CoinDesk, digital broker eToro led a $12.5 million strategic funding round for the on chain perpetual contract exchange Extended, with participation from Jump Crypto and Alber Blanc. EToro integrates the Extended perpetual contract engine into the Zengo wallet, allowing users to trade on chain derivatives while retaining asset custody rights. Extended, led by Ruslan Fakhrutdinov, has processed over $245 billion in trading volume as of June, supporting over 100 perpetual markets, and plans to expand into spot trading, tokenized RWA, and multi asset collateralization.
