eToro has announced a strategic investment in Extended, a platform that offers onchain perpetual futures. The company also revealed plans to partner with Zengo, a self‑custody wallet that it acquired earlier in the year. Neither eToro nor Extended disclosed the size of the investment.
The partnership is expected to integrate Zengo’s wallet capabilities with Extended’s trading platform, potentially providing users with a seamless experience between custody and derivatives trading. Details on the scope of the collaboration, such as joint product development or revenue sharing, remain undisclosed.
This development aligns with eToro’s broader strategy to expand its presence in the decentralized finance (DeFi) ecosystem. By backing a derivatives exchange and tying it to a self‑custody wallet, eToro aims to offer a more comprehensive suite of crypto services to its customers.
Market observers note that the lack of disclosed financial terms introduces uncertainty about the scale of eToro’s commitment. However, the partnership could position eToro as a key player in the growing onchain derivatives market.
As the DeFi landscape continues to evolve, eToro’s move may encourage other traditional crypto platforms to explore similar integrations, blending custodial and non‑custodial solutions to meet diverse user needs.