Binance announced its investment in Aevo, a crypto derivatives exchange. Aevo, which has approximately 50,000 monthly active users and a derivatives volume of $80 million, generated $30 million through transactions.

Working on OP Stack, which provides continuous futures and options contracts, Aevo is backed by crypto investment giants such as Paradigm, Dragonfly and Coinbase Ventures.

After the announcement of the investment, the AEVO token surged by 10% and the price rose above $0.90.

Binance’s investment clearly shows the exchange’s perspective on innovative projects in the crypto world. The exchange, which has recently invested especially in infrastructure projects, has stated many times before the importance it attaches to decentralized finance and blockchain technology.