"Binance Labs Invests in Aevo, Boosting Crypto Derivatives Platform! 🚀
Binance Labs, the investment arm of the world's largest cryptocurrency exchange, has announced its investment in Aevo, a decentralized crypto derivatives exchange. 🤝
Click Here To Go To Feed Post For FDUSD The investment amount remains undisclosed, but the
$AEVO token surged 10% to over $0.90, indicating market optimism. Aevo boasts 50,000 monthly active users, $80 million in derivative volume, and $30 million in transaction revenue.
Backed by Paradigm, Dragonfly, and Coinbase Ventures, Aevo offers continuous futures and options contracts services on the OP Stack. Binance's investment highlights its commitment to innovative projects in decentralized finance and blockchain technology. 💻
This strategic move aligns with Binance's recent focus on infrastructure investments, demonstrating its dedication to fostering growth in the crypto ecosystem. Stay tuned for updates on Aevo's future developments!
#Aevo #BinanceLabs #CryptoNewss