🔥💥Binance crypto derivatives platform Aevo invested: Aevo Surprisingly rises
Binance Labs, the investment arm of Binance, the world's largest stock exchange, announced its Aevo investment. While #Binance continues its investments in innovative companies in the blockchain ecosystem, there was no information about the amount of the fund. $AEVO token, on the other hand, showed a 10% increase.
Binance has officially announced its investment in Aevo, a crypto derivatives exchange. Aevo, which has about 50 thousand monthly active users and the derivative volume is based on 80 million dollars, had also obtained 30 million dollars through transactions.
Crypto investment giants such as Paradigm, Dragonfly and Coinbase Ventures are behind Aevo, which works on OP Stack, which provides continuous futures and option contracts services.
After the announcement of the investment, there was a 10% increase in the #AEVO token and the price rose above $ 0.90.
Binance's investment also clearly shows the exchange's perspective on innovative projects in the crypto world. The stock exchange, which has recently invested especially in infrastructure projects, has stated the importance it attaches to decentralized finance and blockchain technology many times before.
