Aevo
Aevo is a Singapore-based decentralized derivatives exchange built on a custom OP-stack L2, offering options, perpetual futures, and structured products within a single margin account for crypto-native traders via a self-serve web app and mobile PWA.
- Company typePrivate
- Founded2020
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What Aevo does
Aevo is a Singapore-headquartered, venture-backed decentralized derivatives exchange operating since 2020. It offers options, perpetual futures, and structured products within a single margin account, targeting crypto-native individual traders and DeFi users through a self-serve web application and mobile PWA. The platform is built on a custom Layer 2 based on the OP stack that combines off-chain order matching with on-chain settlement, a design the company reports delivers >5,000 transactions per second and <10ms latency while inheriting Ethereum's security guarantees. Its core product ecosystem includes the Aevo Exchange, options and perpetual futures trading interfaces, and yield-generating vault strategies originally pioneered under the Ribbon Finance brand.
Aevo's business model is built on transaction fees on the derivatives and structured products traded on the venue, with the AEVO token supporting staking and on-chain governance. The company reports cumulative scale metrics of >$10 billion in notional volume traded, >$350 million in all-time-high TVL, and >$50 million in premiums earned by traders across more than 130 auctions since inception. Distribution is exclusively self-serve (no sales motion), relying on Discord, Twitter, GitHub, blog content, and a Snapshot-based governance portal for community engagement. The company is backed by Paradigm, Coinbase Ventures, Dragonfly, Nascent, Scalar Capital, Ethereal Ventures, Robot Ventures, and Alliance (2021 undisclosed round), with a subsequent 2024 round led by YZi Labs and participation from Coinbase Ventures.
Aevo carries material operational and regulatory risks. In December 2025, its legacy Ribbon Finance DOV vaults suffered a $2.7 million smart contract exploit; all Ribbon vaults were disabled, a claims window opened through June 12, 2026, and the DAO plans to liquidate remaining assets to compensate users up to 19% of the loss. The Philippine Securities and Exchange Commission has separately flagged the platform as an unregistered crypto-asset service provider. Headcount is reported at 51–100, the company is private with no public revenue disclosure, and competitive positioning is anchored in technology differentiation (custom L2, hybrid matching/settlement) and a founding team drawn from Coinbase, Kraken, Goldman Sachs, Stanford, MIT, and Cornell.
Aevo firmographics
Firmographics- Name
- Aevo
- Legal name
- Aevo
- Website
- https://aevo.xyz
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Aevo is a Singapore-based decentralized derivatives exchange built on a custom OP-stack L2, offering options, perpetual futures, and structured products within a single margin account for crypto-native traders via a self-serve web app and mobile PWA.
- Ownership category
- akta.pro rank
Aevo industry classification
Industry- Product category
- Decentralized Cryptocurrency Exchange (DeFi Derivatives Trading)
- NAICS
- Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Crypto Derivatives Exchanges (Futures, Options & Perpetuals) (FSADAAAD)
- akta.pro secondary industry
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
Keywords
Where Aevo is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
Aevo business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Trading Fees: Platform likely generates revenue through trading fees on options, perpetual futures, and structured product transactions executed on the exchange.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Aevo product offering
Product offeringCore offering
Aevo is a decentralized exchange that supports options, perpetual futures, and structured products within a single margin account. The platform combines off-chain matching with on-chain settlement on a custom L2 (OP stack) to provide CEX-like performance and Ethereum-level security for crypto traders. It also offers yield-generating vault strategies, building on the team's heritage from Ribbon Finance and Decentralized Options Vaults.
Product overview
Aevo is a decentralized trading platform offering options, perpetual futures, and structured products within a single margin account. Built on a custom L2 based on the OP stack, it combines off-chain matching with on-chain settlement to deliver CEX-like performance while inheriting Ethereum's security. The product ecosystem includes the core Aevo Exchange, options and perpetual futures trading, vault strategies for yield generation (from the Ribbon Finance team), and a mobile PWA. The platform processed over $10 billion of options trading volume since inception.
Differentiator
Problem solved
Functional benefit
Brands
- Ribbon Finance: Legacy product brand that pioneered Decentralized Options Vaults (DOVs). Ribbon vaults were disabled following a December 2025 exploit.
Products and services
- Aevo Exchange Decentralized trading platform supporting options, perpetual futures, and structured products within a single margin account, combining off-chain matching with on-chain settlement on a custom Layer 2.
- Options Trading Trade options on Aevo's custom L2 infrastructure with high throughput and low latency, settled on Ethereum.
- Perpetual Futures Trade perpetual futures with CEX-like performance on Aevo's decentralized Layer 2 platform, available within the unified margin account.
- Aevo Mobile PWA Mobile progressive web app providing an optimized trading experience for Aevo on mobile devices.
Quantifiable outcome
- >$10 billion in options trading volume processed since 2020
- +4 more outcomes
Companies that use Aevo
Customer profileSegments1 record
Ideal customer profiles1 record
Aevo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Aevo partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights5 records
Aevo competitors and assessment
Company assessmentBroad incumbents
- OKX: OKX is a global centralized crypto exchange offering spot, options, and perpetual derivatives. It is a broad incumbent that Aevo indirectly competes with for derivatives traders.
- Bybit: Bybit is a top-tier centralized derivatives exchange with deep options and perpetual futures markets. It serves the same professional crypto trader audience as Aevo.
- Deribit: Deribit is the largest centralized crypto options and futures exchange. As a broad incumbent, it sets the bar for institutional-grade derivatives and competes with Aevo for sophisticated options traders.
Emerging players
- Lyra Finance: Lyra Finance is a decentralized options protocol offering structured options trading on Ethereum L2s. It directly overlaps with Aevo's options and structured product offerings.
- Hegic: Hegic is an on-chain options trading protocol pioneering peer-to-pool options. It is an emerging DeFi options competitor with overlapping product coverage.
- Premia Finance: Premia is a decentralized options marketplace on Arbitrum. It competes with Aevo's options product for DeFi-native options traders and liquidity providers.
Direct peers
- dYdX: dYdX is a leading decentralized perpetual futures exchange that, like Aevo, targets professional traders seeking CEX-grade performance on-chain. Both compete directly for derivatives volume and market-maker liquidity.
- GMX: GMX is a decentralized perpetual futures exchange using a multi-asset pool model. Like Aevo, it targets DeFi-native traders seeking non-custodial derivatives exposure with deep liquidity.
- Perpetual Protocol: Perpetual Protocol is a decentralized perpetual futures exchange on Ethereum L2s. It competes directly with Aevo in the DEX perps segment.
- Hyperliquid: Hyperliquid operates a high-performance on-chain perpetual futures exchange purpose-built for active traders. It competes head-to-head with Aevo on latency, orderbook depth, and perps volume.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Aevo social profiles
Digital presenceAevo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aevo leadership team
Management profileNumber of profiles
Profiles3 records
Aevo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aevo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aevo
What does Aevo do?
Aevo is a decentralized exchange that supports options, perpetual futures, and structured products within a single margin account. The platform combines off-chain matching with on-chain settlement on a custom L2 (OP stack) to provide CEX-like performance and Ethereum-level security for crypto traders. It also offers yield-generating vault strategies, building on the team's heritage from Ribbon Finance and Decentralized Options Vaults.
Is Aevo a public or private company?
Aevo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Aevo founded?
Aevo was founded in 2020. It employs 51 to 100 people.
Where is Aevo based?
Aevo is headquartered in Singapore, Singapore, in the Asia region.
How does Aevo make money?
One revenue line is on record: trading Fees.
Who are Aevo's main competitors?
Broad incumbents on record are OKX, Bybit and Deribit. Emerging players are Lyra Finance, Hegic and Premia Finance. Direct peers are dYdX, GMX, Perpetual Protocol and Hyperliquid.
Does Aevo have an API?
No public API is recorded for Aevo.
What industry is Aevo in?
Aevo's product category is Decentralized Cryptocurrency Exchange (DeFi Derivatives Trading). Its primary akta.pro industry code is FSADAAAD, Crypto Derivatives Exchanges (Futures, Options & Perpetuals), with a secondary code of FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 523210 and its SIC code is 6200.