Ribbon Finance Unveils Options Exchange Aevo

After several projects related to crypto options, such as yield generating service Theta Vaults, Ribbon Finance is now stepping up its game. Namely, the DeFi derivatives company has presented the new options exchange named Aevo, which is now available to users.

Aevo is built on Ethereum or, more specifically, as a hard fork of the layer2 protocol Optimism. Currently, there are only ETH options available. However, Ribbon has announced support for additional cryptos in the next few months, including BTC. Theta Vaults will be integrated as well, providing users with additional flexibility.

For this project, Ribbon has partnered up with five market makers in order to ensure deep liquidity from the get-go. According to Ribbon’s representative, the company is expecting a daily trading volume amounting up to $100 million.