Binance Wallet launched an integration with Aster on January 14, enabling users to trade on-chain leveraged perpetual futures directly from the Binance Web3 Wallet while retaining self-custody of assets. The feature was deployed on the BNB Smart Chain and removes the need to move collateral to a centralized venue, broadening decentralized access to derivatives.
The integration routes perpetual trades to Aster’s decentralized matching engine, combining fast execution and deep liquidity with wallet-held custody. Supported collateral for trading on the BSC network includes BNB, USDT, BTC, ETH, ASTER, USD1, ASBNB, LISUSD, WBETH, CAKE, LISTA and USDF.
Aster also offers perpetual contracts tied to U.S. equities such as Apple (AAPL) and Nvidia (NVDA) and to the Invesco QQQ ETF, extending portfolio options inside a decentralized interface.
“The move is a key step toward empowering our users with more sophisticated trading tools while preserving full asset control,” said Winson Liu, Global Lead of Binance Wallet, stressing the integration’s focus on control and security.
At the time of the integration, Aster reported a 24‑hour trading volume of roughly $6.74 billion, compared with about $8.46 billion for market leader Hyperliquid. To accelerate adoption, Binance and Aster launched an On‑Chain Perpetual Milestone Challenge that runs through January 28, offering up to $200,000 USDT in rewards. Trades executed via the wallet also accrue Aster points for participation in platform competitions and reward schemes.
Integrity flags and risk implications
The partnership comes amid scrutiny of Aster’s reported volumes. DeFiLlama delisted Aster’s perpetual data on October 6, 2025, citing concerns that reported volumes mirrored Binance’s and lacked granular order-level visibility, a pattern consistent with wash‑trading allegations.
Binance applied a “Seed Tag” to ASTER to signal elevated risk, and a disclosed personal purchase of roughly $2 million in ASTER by Binance’s founder in early November 2025 coincided with a 20–33% price surge and heightened market attention.
Outlook: Investors, product managers and compliance teams will watch trading volumes, Aster’s transparency measures and any follow-up actions by data providers and exchanges.
The ongoing rewards campaign through January 28, 2026, will provide an early test of organic demand; subsequent disclosure or remedial steps from Aster will determine whether this integration broadens durable, self‑custodial access to leveraged crypto derivatives or remains a short‑lived experiment.
