Ribbon Finance's Decentralized Exchange Aevo Unveils Altcoin Options Trading

📆 15/05/2023 16:02:00
📰 CoinDesk

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.ribbonfinance's decentralized exchange aevoxyz is giving crypto traders the chance to trade options of $PEPE, $ARB, $APT and other altcoins. Reports godbole17.

The Ethereum-based structured product firm Ribbon Finance's decentralized exchange Aevo began offering options tied to alternative cryptocurrencies , a crypto term used to describe digital assets other than bitcoin and sometime even ether .

Users can pick the options strike price and tenure of these options and get instant quotes from crypto market makers Galaxy, GSR and OrBit Markets. Currently, Aevo users can only buy options and hold the same till expiry or square off before the expiry. Down the road, Aevo plans to allow users towith customized margins and counterparty of choice, according to the official statement.

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