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Ethena and Binance Expand Basis Trading Into Equity Perpetual Contracts
The plan uses bStocks as tokenized spot collateral and Binance’s USDT-denominated equity perpetual contracts for hedging.
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Ethena and Binance are expanding basis-trading strategies into equity perpetual contracts, extending a market-neutral derivatives structure beyond crypto assets.
The arrangement will use bStocks as tokenized spot collateral and Binance’s USDT-denominated equity perpetual contracts for hedging. The structure is designed to capture differences between spot prices and futures or perpetual-contract prices.
Binance will give eligible delta-neutral accounts, including Ethena, lower priority for automatic deleveraging, or ADL.
The expansion connects tokenized equity exposure with crypto-market derivatives infrastructure.
