Woofun AI reports that the on-chain perpetual futures trading platform Extended has closed a $12.5 million strategic financing round. eToro led the investment, with Jump Crypto also participating in the round.

Founded by former Revolut employees, Extended is built on StarkWare's Layer-2 scaling solution StarkEx and plans to launch trading by the end of 2024. The funding supports eToro's strategic partnership with self-custody wallet Zengo to integrate traditional financial assets into decentralized trading environments.