On-chain perpetual futures exchange Extended completes $12.5 million strategic financing

Jinse Finance reported that on July 3, on-chain perpetual futures exchange Extended completed a $12.5 million strategic financing round, led by eToro with participation from Jump Crypto and others. Extended was founded by former Revolut employees, will launch at the end of 2024, and is built on StarkWare's StarkEx scalability engine. Zengo, founded in 2018, uses multi-party computation encryption technology to eliminate the need for mnemonic phrases, offering token swap, staking, and DApp access functions. This investment forms a strategic cooperation with Zengo, the self-custody wallet acquired by eToro earlier this year. Both parties will focus on expanding global financial market access through next-generation on-chain infrastructure and exploring the connectivity between traditional financial assets and decentralized trading environments.