EToro invests in onchain derivatives platform Extended as brokers race into DeFi

60-second summary

eToro is investing in onchain derivatives platform Extended, planning to integrate perpetual futures into its Zengo wallet and expand DeFi products to its core platform. This move comes as rival brokers like Robinhood expand their onchain offerings, fueling competition in the space. The integration will likely increase eToro's user engagement and market share in DeFi.