Ethena Expands Trading Strategy into Equity Perpetuals with Binance Partnership

Ethena Labs has partnered with Binance to expand its USDe delta-neutral trading strategy into equity perpetuals.

The partnership will allow Ethena to hedge bStocks, tokenized shares of publicly listed companies, with USDT-denominated equity perpetual futures on Binance.

This market-neutral approach allows the protocol to capture funding payments from leveraged traders while limiting exposure to the underlying asset's price movements.

The expansion could increase the addressable market for Ethena's underlying collateral from roughly $2.5 trillion in crypto assets to more than $150 trillion in real-world assets.