eToro has made a strategic investment in Extended, an on-chain perpetual futures exchange, Extended said. The funding round also initiates a partnership between Extended and Zengo, the self-custody wallet eToro acquired earlier this year.
The integration will bring Zengo's keyless self-custody directly into Extended's decentralized derivatives interface, letting users trade perpetual futures from their own wallets without routing assets through a centralized intermediary.
Extended is built specifically for on-chain perpetual contracts, with an architecture that supports direct wallet-to-protocol trading.
Zengo specializes in multi-party computation-based keyless custody. Its integration with Extended targets users who want direct control over their assets while trading leveraged derivatives on-chain.
On-chain perpetuals have grown into a significant market segment, with Hyperliquid—a Layer 1 optimized for high-performance trading—emerging as a major liquidity hub across a range of crypto assets.
Zengo users will gain a direct access point to Extended's trading interface, a move that could reduce onboarding friction by drawing on eToro's existing user base.
eToro's investment reflects a push to connect its centralized brokerage with self-custodial DeFi products, offering users a path from traditional spot trading to on-chain derivatives without switching platforms.
