Binance Labs, the venture capital and incubation arm of Binance, announced that it has invested in Aevo to Support the Future of L2 Blockchain Innovations.

Aevo is a decentralized derivatives clearing platform focusing on options and perpetual contracts that has processed more than $80 billion in derivatives volume and generated more than $30 million in fees with an average of 50 thousand monthly active users (MAUs) on the platform.