eToro Backs Onchain Derivatives Platform Extended Amid DeFi Push by Brokers

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eToro has made a strategic investment in Extended, an onchain derivatives platform offering perpetual futures. The move is part of the broker's broader plan to integrate DeFi products into its core trading platform. eToro also intends to bring perpetual futures functionality to Zengo wallet users. The investment comes as rival brokers, including Robinhood, are increasingly expanding their own onchain financial offerings.

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