eToro led a $12.5M funding round for Extended, an onchain perpetual-futures exchange built by a former Revolut crypto team, alongside Jump Crypto and Alber Blanc.

Extended has cleared over $245B in volume across 100+ perp markets. eToro plans to wire its engine into Zengo, the self-custody wallet it acquired for $70M in April — letting users trade onchain derivatives while keeping custody.

It's part of a broader broker race into DeFi, with eToro citing "growing demand for seamless access to DeFi products" as Robinhood pushes its own onchain rails.