Extended Updates

Real money, a live audience, and 30 minutes on the clock.

Here's how Goatdda won Perp DEX Day at KBW for Team Extended.

The Extended RWA Trading Competition has officially ended.

Over the past two weeks, our users generated $622.9M in RWA volume, up 68% from the previous 14-day period.

Highlights
• 1,963 traders
• 120 RWA markets traded
• 236 users made their first-ever RWA trade on Extended
• Average daily retail RWA volume increased from $26.4M to $44.5M

Most popular RWA markets
• XAU: $331.3M
• XAG: $63.0M
• S&P 500: $55.4M
• WTI: $44.9M
• NDX: $34.6M

Top 3 Winners
1. 0xbe0...089a — $8,000
2. 0xe18...11dd — $5,000
3. 0x7b2...c7a9 — $3,000

The Top 100 eligible participants shared the $50,000 prize pool.

All prizes have now been sent in USDC directly to the winners’ Extended accounts.

Thanks to everyone who participated. See you at the next one.

Final leaderboard: https://app.extended.exchange/competition

The $KIOXIA market has now resumed trading at the price adjusted for the stock split.

All open positions were closed at Mark Price earlier today as announced, and the market is now fully open again.

Team Extended is in Seoul for Korea Blockchain Week.

Congrats to Goatdda, who took the win for Extended at ReboundX Perp DEX Day, competing alongside traders representing Lighter, Aster and Variational.

It's great to be in Seoul with the wider perp community.

Kioxia 3-for-1 Stock Split

The $KIOXIA market has now been placed in reduce-only mode.

All open positions will be closed at Mark Price tomorrow, Monday, September 28, 2026 at 06:00 UTC.

The market will then be halted, and will reopen for trading later that day at the price adjusted for the stock split.

Extended took the stage with eToro at the Arc mainnet launch.

Our co-founder Stefano on the infrastructure behind the next generation of markets, followed by a live demo.

One week left in the Extended RWA Trading Competition.

The leaderboard is still open, with the top 100 traders sharing the $50,000 USDC prize pool.

Ends September 29.

Full terms and eligibility: https://app.extended.exchange/competition

Now available to trade: $TEAM, $AAL and $FTNT (Atlassian Corp, American Airlines Group and Fortinet Inc) with up to 5x leverage

https://app.extended.exchange/trade/TEAM-USD
https://app.extended.exchange/trade/AAL-USD
https://app.extended.exchange/trade/FTNT-USD

Now available to trade: $KR200 (KOSPI 200) with up to 20x leverage

https://app.extended.exchange/trade/KR200-USD

Higher leverage and bigger positions across RWA markets.

Following requests from institutional partners and growing demand from users, we've raised leverage tiers and position limits on some of the RWA markets. Live now:

S&P 500 (SPX):
• $1M to $2M positions: 12.5x (from 5x)
• $2M to $3M positions: 8.3x (from 3.3x)
• Max position $3M (from $1.5M)

Nasdaq 100 (NDX):
• Max leverage 20x (from 16.7x)
• $1M to $2M positions: 10x (from 5x)
• $2M to $3M positions: 6.7x (from 3.3x)
• Max position $3M (from $1.5M)

Gold (XAU):
• 25x now covers positions up to $2.5M (from $2M)
• 12.5x up to $5M (from $4M)

Silver (XAG):
• 10x now up to $2M (from $1M)
• Max position $4M (from $3M)

Crude oil (WTI) and Brent oil (XBR):
• 10x now up to $2M (from $1M)
• Max position $4M (from $1M)

Natural Gas (XNG):
• 5x now up to $2.5M (from $1M)
• Max position $2.5M (from $1M)

Max market and limit order sizes have also been increased across most of these markets.

Migration to Arc.

Extended is migrating to Arc as part of a strategic partnership between Circle and Extended focused on three core pillars:

1. Anchoring on-chain trading on Arc, with Circle as a key stakeholder in Extended’s ecosystem
2. Tokenising RWAs while bringing broader market coverage and deeper liquidity across both spot and perpetual markets
3. Distributing trading products within and beyond crypto, directly and through Tier 1 institutional partnerships

Beyond the commercial rationale, Arc is also a strong technical fit for Extended:
• Deterministic sub-second finality
• Predictable, dollar-based gas fees
• EVM compatibility

The migration is being designed to minimize disruption for users and ensure uninterrupted trading.

More details on the partnership, migration timeline, and mechanics will be shared separately. Users will be notified of any action required on their part ahead of migration.

Arc deposits & withdrawals are live on Extended

You can now deposit and withdraw USDC via Arc. Log out and log back in first, then select Arc in the network list.

Limits and processing times: docs

Market Delisting Notice

The following markets will be delisted from the platform: $MNT

• Reduce-only mode begins: Thursday, September 17, 2026 at 12:00 UTC
• Delisting: Friday, September 18, 2026 at 12:00 UTC

All open positions will be closed at Mark Price at the time of delisting.

The Extended RWA Trading Competition is now live.

• $50,000 USDC prize pool
• Top 100 traders rewarded
• RWA markets only

RWA taker fees are also now 1 bp.

Two weeks to trade your way up the leaderboard.

The Extended RWA Trading Competition starts Tuesday, September 15.

$50,000 USDC prize pool.
Top 100 traders rewarded.
RWA markets only.

Eligible participants will be ranked on the leaderboard according to the competition methodology.

September 15–29.

Full details, eligibility and rules: https://docs.extended.exchange/extended-resources/rwa-trading-competition

RWA taker fees on Extended will move to 1 bp starting next Tuesday, September 15.

Maker fees remain at 0 bps.

We’re also updating platform-wide maker rebate tiers based on 30-day maker volume share:
• ≥0.5% → 0.2 bps
• ≥1.0% → 0.4 bps
• ≥2.5% → 0.6 bps
• ≥5.0% → 1.0 bps

RWA maker rebates will scale proportionally with the new fee schedule, 60% lower in line with the taker fee reduction.

More RWA markets are coming. Lower costs to trade them.

Now available to trade: $XAUT (Tether Gold) with up to 25x leverage and $RED, $kNEIRO, $MAGMA and $PEOPLE (RedStone, Neiro, Magma Finance and ConstitutionDAO) with up to 5x leverage

https://app.extended.exchange/trade/XAUT-USD
https://app.extended.exchange/trade/RED-USD
https://app.extended.exchange/trade/kNEIRO-USD
https://app.extended.exchange/trade/MAGMA-USD
https://app.extended.exchange/trade/PEOPLE-USD

TLDV from our latest community live stream:

• Europe: regulated expansion unlocks direct retail and B2B distribution. It runs in parallel with TGE and is not a blocker.
• RFQ: order books for liquid markets, RFQ for the long tail of crypto and RWAs. Execution quality remains a key focus.
• TGE: 70M points cap, no less than 500K distributed weekly. TGE is expected soon after the points program ends.
• Next: better RFQ execution, regulatory expansion and TGE prep.

7-minute highlights below:
https://x.com/extendedapp/status/2097618281959940570

Now available to trade: $CRDO and $SOFI (Credo Technology and SoFi Technologies Inc) with up to 5x leverage and $MPWR (Monolithic Power Systems Inc) with up to 10x leverage

https://app.extended.exchange/trade/CRDO-USD
https://app.extended.exchange/trade/SOFI-USD
https://app.extended.exchange/trade/MPWR-USD