Ethena's ENA Jumps 8% as Bybit Endorses USDe Token as Collateral for Derivatives Trading
Briefly

from Coindesk9 months ago
Using USDe as collateral could help perpetuals traders to reduce risk, derivatives trader Joshua Lim of Arbelos said.
Coindeskhttps://www.coindesk.com/markets/2024/05/07/ethenas-ena-jumps-8-as-bybit-endorses-usde-token-as-collateral-for-derivatives-trading/
Bybit has added USDe as a collateral asset for perpetual futures trading with leverage and also listed spot bitcoin (BTC) and ether (ETH) trading pairs against the token, according to a press release.
Coindeskhttps://www.coindesk.com/markets/2024/05/07/ethenas-ena-jumps-8-as-bybit-endorses-usde-token-as-collateral-for-derivatives-trading/
Bybit's move to accept USDe as collateral asset makes Ethena 'even more of a bridge between centralized finance (CeFi) and decentralized finance (DeFi)', Joshua Lim, co-founder of Arbelos, said.
Coindeskhttps://www.coindesk.com/markets/2024/05/07/ethenas-ena-jumps-8-as-bybit-endorses-usde-token-as-collateral-for-derivatives-trading/
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