According to media reports, WOO Network completed a new round of funding on 2021-11-08. the investors in this funding round include Fenbushi Capital,Gate Ventures,QCP Capital,Crypto.com Capital,MEXC Ventures,AscendEX,LBank Labs,Bitmart,3Commas,TokenInsight and others. Following this round, WOO Network's total funding reached $51 M.
WOO X connects traders, exchanges, institutions and DeFi platforms to democratize access to best-in-class liquidity and trade execution at zero or low cost. WOO X was originally incubated by Kronos Research, a large cryptocurrency quantitative trading firm. WOO X aims to reduce market inefficiencies and disrupt the crypto market by solving the main cryptocurrency problem, namely liquidity dispersion. The ultimate goal is to standardise liquidity. WOO X acts as a zero-fee crypto trading platform and also acts as a liquidity aggregator for digital assets. WOOFi supports more than a dozen blockchains, enabling cross-chain swaps and pledges to provide stable returns to WOO token holders. WOOFi Pro complements swap and pledge functions, provides perpetual futures trading, and online 50+ derivatives markets, supporting high leverage and generous share. WOO X also operates its official investment arm, WOO Ventures.