Ethena Enters Equity Basis Trading on Binance With Tokenized Stocks

Ethena has expanded its basis-trading strategy to include tokenized equities on Binance, following a September 25 announcement.

The new strategy pairs tokenized bStocks with corresponding USDT-denominated equity perpetuals for hedging, leveraging Binance's lower auto-deleveraging priority for eligible delta-neutral accounts.

Ethena expects the market for equity perpetuals to eventually exceed the $15 billion in crypto perpetuals it captured during the previous market cycle.