Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.
Table Of Contents
Ribbon Finance is a blockchain protocol built to service the burgeoning decentralized finance (DeFi) sector. Ribbon Finance indicates that the products it offers and are currently in development are, ‘…packaged financial instruments that use a combination of derivatives to achieve some specific risk-return objective’.
Currently the flagship product on offer by Ribbon Finance is its ‘Theta Vault’ – an automated service which allows for high yield on ETH through covered call strategies.
Governance of the Ribbon Finance ecosystem is underpinned by its native token known as ‘RBN’. These tokens, which are built atop the Ethereum network, provide holders with a variety of benefits.
- Steward the development of the protocol & get community feedback on important parameters such as fee models
- Align incentives between the Ribbon stakeholders (product creators, users, team), such as liquidity mining programs or grants
- Unite all current and future Ribbon products under a single umbrella
Ribbon Finance is keen to note that ‘RNB tokens are not an investment; they are a way to have a say in the future development of Ribbon’.
In order to ‘bootstrap’ governance of the Ribbon Governance ecosystem, 30M RNB tokens were distributed in an airdrop in mid-2021. During this ‘genesis period’ recipients were comprised primarily of option sellers, alongside early adopters, Theta Vault users, and members of its Discord community.
To learn more visit our Investing in Ribbon Finance guide.
We list the top 3 exchanges that offer the ability to buy Ribbon Finance (RBN) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
A top exchange in the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies including Ribbon Finance (RBN). Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.
Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most, and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.
Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from a company which prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.
Germany & Netherland residents are prohibited.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Poloniex was founded in the United States in 2014. It has quickly risen to become a very popular exchange of choice for crypto traders looking to combine a wide range of assets. Poloniex continues to expand its supported assets, with more than 100 unique pairings – including Ribbon Finance (RBN). With a recently revamped look the exchange also looks more professional than ever, while boasting trading in futures and leveraging of up to 100:1.
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Ribbon Finance (RBN), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts Australia & UK residents.
USA & Canada residents are prohibited.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
You may like
Investing In Ribbon Finance (RBN) – Everything You Need to Know
Investing In Solana (SOL) – Everything You Need to Know
Investing In Cardano (ADA) – Everything You Need to Know
Investing in Theta Network (THETA) – Everything You Need to Know
Investing in Polygon (MATIC) – Everything You Need to Know
Investing In Avalanche (AVAX) – Everything You Need to Know