Ethena has entered a partnership with Binance to expand basis trading into stock perpetual contracts, according to information cited by Foresight News. Under the setup, bStocks will be used as tokenized spot collateral, while hedging will be carried out through Binance’s USDT-denominated stock perpetual contracts. The official statement also said Binance assigns a lower auto-deleveraging, or ADL, priority to eligible delta-neutral accounts, including Ethena. Foresight News noted that basis trading is a market-neutral arbitrage strategy designed to capture the spread between spot prices and futures or perpetual contract prices. The announcement outlines the trading structure and account treatment, but does not disclose additional operational details in the provided text.
Ethena has partnered with Binance to extend basis trading into stock perpetual contracts.
How the structure works
Under the arrangement, bStocks will serve as tokenized spot collateral, while hedging will be executed through Binance’s USDT-denominated stock perpetual contracts.
Account treatment on Binance
According to the official statement, Binance gives eligible delta-neutral accounts, including Ethena, a lower auto-deleveraging (ADL) priority.
What basis trading means here
Foresight News noted that basis trading is a market-neutral arbitrage strategy focused on capturing the spread between spot prices and futures or perpetual contract prices.
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