eToro led a $12.5 million funding round for Onchain Perps Platform Extended, backing development of its decentralized perpetual derivatives infrastructure. The investment positions eToro to integrate onchain perps capabilities and diversify revenue streams through blockchain-based derivatives.
eToro spearheaded a $12.5 million financing to support Onchain Perps Platform Extended’s development of decentralized perpetual contracts. The round underscores investor confidence in the platform’s ability to offer self-custodial, onchain derivatives trading.
This investment aligns with eToro’s goal to enhance its product suite by adding blockchain-native derivatives, complementing its existing CFD and spot trading offerings. Onchain Perps Platform Extended provides infrastructure for perpetual swap contracts secured by smart contracts.
Integrating onchain perps could unlock new revenue lines for eToro via trading fees and platform services. The move may also attract a more technically sophisticated user base and strengthen eToro’s positioning in the DeFi ecosystem.
