Trading platform eToro said on July 3 it led a $12.5 million strategic investment by onchain perpetual futures exchange Extended.
In a post on social media platform X (Twitter), eToro said the partnership focuses on expanding access to global financial markets through next-generation onchain infrastructure. It added that the two would seek opportunities to connect traditional financial assets with a decentralised trading environment.
Jump Crypto also participated in the round.
Extended was founded by former Revolut employees. It began trading in late 2024 and was built on StarkWare's onchain scaling engine StarkEx.
eToro announced in May that its first-quarter revenue from its cryptocurrency business was $13 million. That was sharply down from $46 million in the same period a year earlier.
Chi-gyu Hwang
delight@d-today.co.kr