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Ribbon Finance Launches Derivatives Exchange Aevo to Public, Targets Centralized Exchange Users

June 15 (Cointime) - Singapore-based Ribbon Finance has launched its new product Aevo, a derivatives exchange, to the public after being in a "gated" phase since April. The exchange had required users to hold an "exchange pass" NFT for access. The platform has seen over $70m in trading volume and a high of about $5m in daily open interest since its launch.

Aevo's user experience is similar to that of centralized derivatives platforms such as Deribit, and it has begun offering bitcoin perpetual futures and options in addition to ether derivatives.

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