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 (altcoins), a crypto term used to describe digital assets other than bitcoin (BTC) and sometime even ether (ETH). Aevo users can trade options tied to Lido's LDO, Pepecoin (PEPE), Sui's SUI, Arbitrum's ARB, Litecoin (LTC), Aptos (APT).
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. Options are derivative contracts that offer the purchaser protection against bullish or bearish moves. A call option confers the right to purchase the underlying asset at a predetermined price on or before a specific date, while a put option offers the right to sell. The availability of onchain altcoins options means crypto traders that focus on tokens with small market caps can now set strategies, such as spreads or spot/futures and options combinations.
Source
https://t.me/DeFi_Ethereum
