eToro Leads $12.5M to Expand Starknet Perps via Extended and Zengo Integration
eToro has led a $12.5 million strategic round in Extended, a Starknet-based on-chain perpetual futures venue. The deal also includes participation from Jump Crypto and Alber Blanc. Extended was founded by former members of Revolut’s crypto team, and is led by Ruslan Fakhrutdinov, Revolut’s former crypto head. eToro linked the investment to its self-custody strategy.
For traders, the key development is the planned integration of Extended’s on-chain perpetuals engine into Zengo, the self-custody wallet eToro acquired in April. If implemented, users could access on-chain perpetuals through Zengo’s self-custody interface, instead of posting collateral directly on a centralized exchange.
Extended says it has processed $245B+ in cumulative trading volume by June 2026 and supports 100+ perpetual markets. eToro has not yet provided a full launch date, supported market list, fee schedule, or region-by-region availability for the Extended + Zengo rollout.
Keyword relevance: this is another push for mainstream on-chain perpetuals distribution, with the wallet UX becoming the entry point. Traders should watch for execution quality, oracle reliability, and gas/congestion costs, as these factors can influence realized spreads and liquidation dynamics once adoption expands.
Neutral
This news is likely neutral for STRK price (Starknet itself). The investment and integration can improve the distribution of on-chain perpetuals by connecting a mainstream broker experience to a self-custody wallet (Zengo), which may support longer-term ecosystem activity. However, the articles do not provide concrete launch timing, fee details, supported markets, or region-by-region adoption metrics. Near-term market impact on STRK price is therefore uncertain.
Short term: traders may treat it as a positive infrastructure signal, but without confirmed availability and liquidity incentives, it is unlikely to trigger immediate, sustained repricing. Execution and oracle performance are also key for on-chain perpetuals; if costs (gas/congestion) or oracle reliability disappoint, real trading volume may grow slower than expected.
Long term: if Extended + Zengo integration scales and maintains strong liquidity and execution quality, it could gradually draw more derivatives activity to Starknet’s on-chain venue. That tends to be supportive for ecosystem sentiment, but without direct token emissions, staking incentives, or guaranteed demand, price impact remains indirect.