OrBit Claims Crypto Options First on New DEX
Posted by Colin Lambert. Last updated: May 16, 2023
OrBit Markets says it has executed its first trades on the newly-launched option decentralised exchange (DEX) Aevo OTC, run by Ribbon Finance.
The crypto derivatives liquidity provider says one of the trades was an option on popular alternative token Aptos with DeFi-focused hedge fund Re7. It adds, the trades highlight the growing demand for non-custodial solutions to trade options in digital assets.
“These trades on Aevo OTC represent a significant milestone for both OrBit and the decentralised finance space as a whole,” says Caroline Mauron, CEO of OrBit Markets. “The collaboration with multiple prominent players in the digital asset industry showcases the growing adoption of on-chain derivatives and our commitment to providing liquidity and market-making services via the latest blockchain technologies.”