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Extended is a perpetual DEX founded by former Revolut team members. It offers trading across 100+ markets including crypto, equities, forex, commodities, and indices, with up to 100x leverage, zero maker fees, and 0.025% taker fees, settled in USDC.
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About Extended
Extended (formerly X10), founded by ex-Revolut staff, launched on StarkEx in late 2024 and completed a three-stage migration to Starknet mainnet in August 2025, enabling EVM wallet compatibility and unified margin logic at the base layer — a foundation for multi-asset perps and zk-verified execution. Cumulative volume surpassed $92B and TVL exceeded $200M.
In July 2026, Extended closed a $12.5M strategic round led by eToro with Jump Crypto participating, advancing on-chain infrastructure for broader access to traditional financial markets.
In August 2026, Extended announced results of its points-program cleanup, removing over 5.03 million manipulated points across 4,017 accounts and 35 identified Sybil operations, returning those points to the program budget while keeping the 70M cap. This is a significant governance milestone ahead of the EXT airdrop, protecting genuine early contributors and strengthening anti-Sybil measures.
Key progress (Mar–Sep 2026):
Market expansion: Extended added 5 TradFi markets (CRCL, MU, MSFT, SNDK, Brent Crude Oil) in March, bringing total onchain TradFi markets to 20+, covering equities, commodities, and indices.
Funding: eToro led a $12.5M strategic round (closed July 2) with Jump Crypto and Alber Blanc, bringing total known funding to ~$19M. eToro plans to integrate Extended's perps into Zengo wallet.
Trading volume: Cumulative volume surpassed $245B by June 2026 since August 2025 launch.
Official roadmap priorities:
Unified margin system: Cross-margin across crypto and TradFi assets with multi-asset collateral (wBTC, ETH, XVS) without conversion.
Native lending integration and tokenized vault shares (XVS) for yield generation.
App-specific chain: High-throughput BFT consensus targeting sub-100ms latency, settlement on Starknet (ZK-proofs, Ethereum-secured).
RWA product expansion and deeper wallet/broker integrations (e.g., Zengo).
Funding rate optimization as platform scales.
Co-founders and core executives:
Ruslan Fakhrutdinov (CEO, @rf_extended): Former Head of Crypto Operations at Revolut, ex-McKinsey. Founded Extended in 2023 to build a self-custody exchange combining CEX performance with DeFi transparency.
Dmitrii Krasovskikh (CTO, @dk_extended): Architect of four crypto exchanges, including Revolut Crypto Exchange. 13+ years in high-performance systems, previously led matching engine development at Lykke (100k orders/sec).
Spooky Action (CBO, @spooky_x10): Former Lead Engineer at Revolut Crypto, key contributor to Corda blockchain. Co-founded Extended as Chief Bug Officer.