EToro Invests in Onchain Derivatives Platform Extended as Brokers Race into DeFi

EToro, a leading social trading and multi-asset brokerage platform, has announced a strategic investment in Extended, an onchain derivatives platform. This move comes as traditional brokers increasingly seek exposure to the decentralized finance (DeFi) sector. The investment underscores EToro's commitment to integrating blockchain-based financial products, particularly in the rapidly growing onchain derivatives market. By backing Extended, EToro aims to leverage its technology to offer users innovative trading solutions, including tokenized derivatives and synthetic assets. This partnership highlights the broader trend of mainstream financial institutions entering DeFi, driven by demand for decentralized, transparent, and accessible trading instruments. The deal is expected to accelerate the adoption of onchain derivatives, with Extended's platform enabling efficient, low-cost trading without intermediaries. EToro's move signals a bullish outlook for DeFi integration, as brokers race to capture market share in this emerging space.