eToro led a $12.5 million investment round for Extended, an on-chain derivatives platform. According to CoinDesk, this investment is part of the expansion of Zengo, a cryptocurrency wallet acquired in April, and is seen as a clear indication of eToro's full-fledged on-chain strategy. eToro plans to introduce perpetual futures trading to Zengo in the future, allowing users to access on-chain derivatives while directly managing their assets. The media explained, "Perpetual futures, once a niche market, have now become one of the fastest-growing markets in the industry. Competition is intensifying as traditional brokers like eToro also enter the market."
