Ribbon Finance Introduces Aevo, an Ethereum-Based Options Exchange

Ribbon Finance recently released its options exchange Aevo on Ethereum. The launch allows users to trade the ETH option chain quickly and seamlessly.

The platform made a Twitter thread to inform users about the development. The tweets shed some light on the operations of Aevo and how the launch can be beneficial. Aevo acts as an orderbook-based DEX (decentralized exchange) developed on a customized EVM roll-up.

It has been designed to provide security and scalability across Ethereum. The exchange offers the following tools to help traders make the most of their funds:-

  • Instant onboarding
  • Powerful margin system
  • Deep liquidity
  • 100+ markets

The Ribbon Finance team has worked tirelessly to ensure that Aevo is the market’s most advanced crypto derivatives exchange. The platform will eventually be integrated with Ribbon, acting as the spot where options contracts are settled.

Ribbon also plans to add support for Aevo on other DOVs. The beta version of the platform is expected to be released within October. Similarly, its public mainnet is scheduled for launch before 2022.

It has only been a week since the release of Aevo, and it is already making waves across the industry. The exchange is being praised for properties, like:-

  • Daily, Weekly, Monthly, and Quarterly choices
  • Robust orderbook
  • Scalable design

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It will also allow Ribbon Vaults to drive a consistent flow, enabling the development of a complex structure that merges exchange and vault. Given the popularity of Ribbon Finance, Aevo is expected to garner an even bigger user base globally. 

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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