eToro, the platform best known for bringing copy-trading to the masses, is now betting real money on onchain derivatives. The retail brokerage led a $12.5 million funding round for Extended, a decentralized perpetual futures exchange built on Starknet.
Jump Crypto and Alber Blanc also participated in the round, which closed around July 2.
What Extended actually does
Extended operates as a decentralized exchange offering perpetual futures contracts with up to 100x leverage across more than 100 markets. It lets traders make highly leveraged bets on crypto assets and tokenized stocks without relying on a centralized intermediary to hold their funds.
The platform was founded by former Revolut crypto executives, including CEO Ruslan Fakhrutdinov and CTO Dmitrii Krasovskikh. It initially launched under the name X10 on Starknet’s mainnet in August 2025.
Extended has processed over $245 billion in trading volume by June 2026 across its full suite of perpetual markets. This wasn’t Extended’s first fundraise either. The platform previously raised $6.5 million in 2025, meaning total known funding now sits around $19 million.
Why eToro cares about onchain futures
eToro plans to integrate Extended’s perpetual futures directly into the Zengo crypto wallet, creating a bridge between its existing user base and onchain derivatives trading. Zengo is a self-custodial wallet, which means users control their own keys while accessing sophisticated trading instruments.
eToro recently went public in the US and has been actively looking for ways to differentiate its crypto offering beyond simple spot trading.
The onchain derivatives landscape
Extended’s choice to build on Starknet is worth noting. Starknet is an Ethereum Layer 2 network that uses zero-knowledge proofs to batch transactions, offering lower fees and faster execution than Ethereum’s base layer.
Platforms like dYdX, Hyperliquid, and GMX have all carved out significant market share in onchain perpetuals. Extended’s combination of high leverage options, a broad market selection that includes tokenized stocks, and the backing of a publicly traded retail brokerage represents its key differentiators.
The $245 billion in cumulative trading volume reflects genuine user adoption from the August 2025 launch to mid-2026, though high-leverage trading naturally inflates volume figures since a single dollar of collateral can generate 100x in notional trading activity.