Ethena and Binance launch equity perpetuals backed by tokenized bStocks
- —Open interest on Binance equity perpetuals exceeds $2.9 billion
- —Average annualized equity basis over six months: 3.56%
- —Binance cut auto-deleveraging priority for delta-neutral accounts
- —Binance TradFi perpetual volume hit $433.4 billion in August
Why it matters: The tie-up between tokenized equities and crypto derivatives broadens USDe's backing and opens spot-futures arbitrage to more traders.
Source: The Cryptonomist (IT)