Ribbon Finance's Decentralized Exchange Aevo Unveils Altcoin Options Trading

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'The Fed is problem No. 1 in American finance,' right now, says prominent market punditAccording to Jim Grant, author of Grant’s Interest Rate Observer, the Federal Reserve has been its “handiest” in years: “It can't keep its paws off interest...
Source: MarketWatch - 🏆 3. / 97 Read more »

Philippines' finance minister says no reason for rate hikeThe Philippine central bank has no reason to raise interest rates further as domestic inflation is easing, the country's finance minister said ahead of a May 18 monetary policy meeting.
Source: Reuters - 🏆 2. / 97 Read more »