# Ethena and Binance Expand Basis Trading Into Equity Perpetual Contracts

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/24105
Published: 2026-09-25T11:26:56.000Z
Updated: 2026-09-25T11:26:56.000Z

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.