On-chain perpetual exchange Extended completes $12.5 million strategic funding round, led by eToro

CoinFeed July 3 news, according to CoinDesk report, digital broker eToro announced leading a $12.5 million strategic funding round for on-chain perpetual exchange Extended, with participation from Jump Crypto and Alber Blanc. eToro plans to integrate Extended's perpetual engine directly into the previously acquired self-custody wallet Zengo for $70 million, allowing users to trade on-chain derivatives while retaining asset custody, and will bring broader DeFi products to its core platform in the future. Extended is led by Ruslan Fakhrutdinov, former head of crypto business at Revolut, and as of June has processed over $245 billion in trading volume, supports over 100 perpetual markets, and plans to expand to spot trading, tokenized RWA, and multi-asset collateral.