Crypto Avanza
    Facebook X (Twitter) Instagram
    Trending
    • CBUAE & People’s Bank of China renew currency exchange deal
    • DHA Collaborates with Ecommerce Gateway for Innovative ‘Tech Talk’ Seminar
    • DL News Announced as Media Partner for Abu Dhabi Finance Week 2023
    • Sam Altman Returns: Balancing Innovation & Ethics at OpenAI
    • Author Julian Sancton Sues OpenAI and Microsoft Over AI Training
    • Phoenix Group PLC’s Blockbuster IPO Sets Stage for ADX Listing
    • FSRA’s 2024 Vision: Pioneering Virtual Asset Innovation in ADGM
    • OKX & Polygon Labs Set Stage for Web3 Evolution with X1 Ethereum ZK Layer-2
    • Who We Are
    • Work With Us
    • Sitemap
    Facebook X (Twitter) Instagram
    Crypto AvanzaCrypto Avanza
    Subscribe
    Saturday, December 9
    • Business
    • Bitcoin
    • Ethereum
    • Web3
    • Defi
    • Research
    • About Us
    Crypto Avanza
    Home » DeFi Derivatives Ribbon Finance Launches Ethereum Options Exchange

    DeFi Derivatives Ribbon Finance Launches Ethereum Options Exchange

    OwaisBy OwaisSeptember 28, 2022Updated:August 18, 2023 Defi No Comments3 Mins Read
    DeFi Derivatives Ribbon Finance Launches Ethereum Options Exchange
    Image Credits: cryptoglobe
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Ethereum: Ribbon Finance has just released Aevo, which it says is a “high-performance” options exchange.
    • Options are financial contracts that allow traders to buy (“call”) or sell (“put”) an asset.
    • The first version will only accept Ethereum but in coming months, Bitcoin and other cryptocurrencies should be added.

    Ethereum options is possible through Ribbon Finance’s exchange. The launch is the latest in a line of structured financial products.

    The market for crypto derivatives is getting hot.

    Ribbon Finance has just released Aevo, which it says is a “high-performance” options exchange. Built on Ethereum, the first version will only accept ETH, but in the coming months, Bitcoin and other cryptocurrencies should be added.

    The base of the platform is a “custom “The Ribbon team built Ethereum rollup, which Julian Koh, co-founder and CEO of Ribbon, calls “a fork of Optimism with changes for Ribbon’s use case.” Koh told Decrypt in an email that Aevo will have “deep liquidity” at launch thanks to partnerships with market makers that focus on fiver options.

    Options are financial contracts that allow traders to buy (“call”) or sell (“put”) an asset at a certain date and price. They are often used to protect against risk because they can guarantee a price for an asset.

    Read More: Coinbase Halts Tether, DAI, and RAI Trading in Canada

    Ribbon’s decision to start an options exchange is also in line with what it has done in the past. Theta Vaults, which is probably the most well-known part of the project, uses an automated options strategy to help users make money. For example, right now users can put the stablecoin USDC into the T-USDC-P-ETH vault, which uses a put-selling strategy for Ethereum.

    The same thing will happen with these vaults and Aevo. “The vaults will be built on top of the exchange,” Koh said. “This will give users a lot more freedom in choosing their positions or protecting them.”

    Ribbon has also released Ribbon Earn and Ribbon Lend, which, as their names suggest, let users earn and lend cryptocurrencies.

    The loans made through Lend are important because they are not backed by collateral and are given to market makers who have gone through KYC and AML procedures.

    Koh thinks that when the platform goes live, it will bring in up to $100 million per day. But he bases this big guess on the platform’s volume numbers from May, before the crypto market crashed, when the vaults were processing $50 million a day.

    “We can generate significantly more volume,” Koh said, “by enabling traders to do much more than just sell options once a week.”

    cryptocurrencies DeFi Derivatives Ethereum Ribbon Finance
    Owais
    • Facebook
    • X (Twitter)
    • Pinterest
    • Instagram
    • LinkedIn

    Owais is a skilled professional with a strong background in web editing and social media marketing. As a Web Editor, he possesses a keen eye for detail and a flair for crafting engaging online content. Additionally, Owais leverages his expertise as a Social Media Marketer to effectively promote brands and drive audience engagement. Having completed his Bachelor's degree in BA from Karachi University, Owais gained a comprehensive understanding of various subjects within the humanities. This educational foundation, combined with his passion for digital media, has allowed him to excel in his role as a Web Editor and Social Media Marketer. With a focus on delivering captivating and impactful content, Owais consistently strives to enhance the online presence of brands and effectively communicate their messages to a wide audience. Through his strategic approach and creative insights, he has successfully built and managed social media campaigns that have generated significant reach and engagement. Owais's ability to effectively leverage digital platforms and optimize content for online consumption has proven invaluable in the ever-evolving landscape of web editing and social media marketing. His dedication to staying up-to-date with the latest trends and techniques ensures that he remains at the forefront of digital strategies, enabling him to drive meaningful results for clients and brands.

    Keep Reading

    CBUAE & People’s Bank of China renew currency exchange deal

    DHA Collaborates with Ecommerce Gateway for Innovative ‘Tech Talk’ Seminar

    DL News Announced as Media Partner for Abu Dhabi Finance Week 2023

    Sam Altman Returns: Balancing Innovation & Ethics at OpenAI

    Author Julian Sancton Sues OpenAI and Microsoft Over AI Training

    Phoenix Group PLC’s Blockbuster IPO Sets Stage for ADX Listing

    Add A Comment

    Comments are closed.

    Contact
    • Contact Us
    • Write for Us
    • Advertise with us
    Privacy Policy
    • Privacy Policy
    • Disclaimer
    About
    • Who We Are
    • Work With Us
    • Sitemap
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok RSS
    © 2023 Crypto Avanza. Designed by Crypto Avanza.

    Type above and press Enter to search. Press Esc to cancel.