Online voucher dealers are accelerating the move of block chain-trading products to a wider audience. The eToro derivative platform Extended finance $12.5 million and plans to further expand its DeFi layout by connecting the permanent contract function to Zengo.

$12.5 million for Extended

This round of financing was led by eToro, with the participation of Jump Cripto and Alber Blanc. Extended is led by Ruslan Fakhrutdinov, former head of encryption operations in Revolut, who keeps the contract transactions chained.

According to the company, as of June, the cumulative trade volume of Extended had exceeded $245 billion, and the platform supported over 100 sustainable contract markets. The company also plans to expand off-the-shelf transactions, tokenization of real-world assets and multi-asset collateral functions.

  • The scale of financing was $12.5 million.
  • As of June, the volume of transactions exceeded $245 billion
  • Platform supports over 100 sustainable markets

Zengo will be connected to the contract.

This investment also makes the eToro chain more clear. The company has just announced in April this year that it will purchase $7.0 million from the trust wallet Zengo, which it is now ready to connect directly to the Extened's permanent contract engine.

Upon completion of the access, the user may use the chain derivative service while retaining the asset for self-custody. eToro executive Elad Lavi says that in the future companies will gradually introduce a wider range of DeFi products into the eToro main platform.

The coupons fight for the chain of entry.

This move also reflects a shift from competition among online voucher providers to a chain-based trading infrastructure. Robinhood recently launched its own block chain, expanded its monetization stock operations and indicated plans to extend the durability contract business from encrypted assets to large commodities such as gold and crude oil.

The line between the voucher, the encrypted exchange and the forecast market is becoming more blurred as the renewal of contracts moves from encrypted primary products to broader asset classes. Coinbase has expanded the service of a sustainable contract and Kalshi has entered the market.

Additional information:According to Extended, the next phase of the platform will move from serving DeFi primary users to building more complete infrastructure and cooperative networks to support the continued expansion of derivatives along the chain.