Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Aevo rallies 9% after Binance Labs investment

Source Fxstreet

Binance Labs announced its recent investment in Aevo, maximizing its derivatives platform.
Aevo is a decentralized derivatives trading platform built on its own L2 blockchain that utilizes the Optimism stack.
AEVO is currently up 9% following the announcement by Binance Labs.

Aevo posted a 9% gain on Tuesday after Binance Labs announced that it has invested in the decentralized derivatives platform to pave the way for further advancement on its Layer 2 blockchain.

Also read: AEVO price could bottom out here as team, backers announce plan to voluntarily re-lock nearly 15% of supply

Aevo could be set for growth after Binance Labs' investment

Binance Labs, the venture capital and investment branch of cryptocurrency giant Binance, announced on its social media handle that it recently invested in Aevo to help maximize its derivatives platform.

The investment is characterized by the crypto exchange's recent decision to support small and medium-scale startups in a bid to lower the rate of projects with high fully-diluted valuations and low market circulation.

Read more: AEVO, APT, ARB among $1.33 billion worth of token unlocks lined up for next week

This strategic investment could pave the way for further innovation on the decentralized platform and maximize its derivatives exchange.

Aevo is a decentralized derivatives trading platform that claims to be fully designed for options and perpetual contract trading. The platform was built on its own L2 blockchain, utilizing the Optimism stack while inheriting the security of Ethereum.

The platform has been dedicated to creating DeFi option derivatives since 2021 and was once known as Ribbon Finance, a structured options product protocol.

Also read: Week Ahead: Ethereum and DeFi to come under spotlight this week

As a result of Binance Labs' investment, the native token of Aevo, AEVO, has experienced a 9% increase in value, indicating positive market sentiment following the announcement. This could set the stage for further growth and potential price appreciation for AEVO in the future.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Forecast: Gold Plunges to Seven-Week Low, Can $4,100 Hold? Spot gold (XAUUSD) plunged 4% on Monday to close at $4,114.93 per ounce, hitting an intraday low of $4,110.80, its lowest level since August 5. Heading into Tuesday's Asian trading sessio

Author TradingKey

12 hours ago

Spot gold (XAUUSD) plunged 4% on Monday to close at $4,114.93 per ounce, hitting an intraday low of $4,110.80, its lowest level since August 5. Heading into Tuesday's Asian trading sessio

The 30-year Treasury just hit a 22-year high — and the bond market is not pricing the Fed, it is pricing the deficit The 30-year Treasury yield closed at 5.56% on 28 September, the highest since June 2004, while the 10-year reached 5.24% and the 20-year 5.60%. The curve has steepened roughly 30bp in eight sessions even as October hike odds sit at 70.3%. That gap is the story: the long end is repricing fiscal and inflation risk, not policy. With PCE on Wednesday and payrolls on Friday, here is what the long end is really saying.

Author Irene Q.

14 hours ago

The 30-year Treasury yield closed at 5.56% on 28 September, the highest since June 2004, while the 10-year reached 5.24% and the 20-year 5.60%. The curve has steepened roughly 30bp in eight sessions even as October hike odds sit at 70.3%. That gap is the story: the long end is repricing fiscal and inflation risk, not policy. With PCE on Wednesday and payrolls on Friday, here is what the long end is really saying.

Nvidia's $150 billion buyback landed — and the AI sector fell anyway. That's the signal worth trading Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

Author Irene Q.

15 hours ago

Nvidia closed up 1.68% at $228.86 on 28 September after announcing a $150 billion share repurchase authorisation, the largest single corporate buyback on record, while the rest of the AI complex sold off: AMD -3.6%, Micron -2.6%, Meta -4.8% and the Philadelphia Semiconductor Index -1.61%. The divergence is not noise. Capital is rotating toward cash-flow certainty, not abandoning the AI theme. With Micron reporting after the close on 30 September, here is what the split means.

RBA set to hike interest rate to 4.60% in September as inflation remains elevated The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.60% from 4.35% on Tuesday, after keeping rates unchanged at its previous two meetings

Author FXStreet

19 hours ago

The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.60% from 4.35% on Tuesday, after keeping rates unchanged at its previous two meetings

Silver Price Forecast: XAG/USD falls like house of cards on Fed’s hawkish narrative Silver price (XAG/USD) is down 4.3% to near $61.50 during the European trading session on Monday. The white metal nosedives as elevated United States (US) Treasury Yields have diminished its appeal.

Author FXStreet

Yesterday 09: 04

Silver price (XAG/USD) is down 4.3% to near $61.50 during the European trading session on Monday. The white metal nosedives as elevated United States (US) Treasury Yields have diminished its appeal.

Popular Symbols