Summary
Extended (formerly X10) has processed $245B+ in cumulative volume since its August 2025 launch on Starknet. It offers 100+ perpetual markets (crypto, FX, indices, gold, oil) with up to 100x leverage, 0% maker fees, 0.025% taker fees. eToro led a $12.5M round (Jump Crypto, Alber Blanc co-invested), bringing total funding to $19M. eToro plans to integrate Extended's perps into the Zengo self-custody wallet, then bring broader DeFi products to the core eToro platform. eToro's Q1 2026 crypto profit was $13M (down 72% from $46M in Q1 2025).
Key Points
- Extended: launched August 2025 as X10 on Starknet (ZK-rollup on Ethereum)
- $245B+ cumulative volume; 100+ markets; 100x leverage; 0% maker / 0.025% taker fees
- Founded by Ruslan Fakhrutdinov (ex-Revolut crypto head) and Dmitrii Krasovskikh
- Total funding: $19M ($6.5M seed + $12.5M strategic round)
- eToro plans: integrate Extended perps into Zengo wallet → bring DeFi to core platform
- Zengo: MPC self-custody wallet, 2M users, 180 countries, acquired by eToro for $70M (April 2026)
- eToro Q1 2026: $13M crypto profit (5% of $258M total), down from $46M in Q1 2025
- DEX perp market: 10.2% of total perp volume (up from 2.0%); Hyperliquid share dropped from 80% to ~38%
- Extended plans: expand into spot trading, tokenized RWAs, multi-asset collateral