The Binance Labs has made an investment of 12 million dollars in the WOO Network because both parties have extended their long-term partnership in Series A plus round. This is a liquidity platform that helps in connecting users to institutions, exchanges as well as DeFi networks.
Many reviews of Binance show that it is one of the popular names in the cryptocurrency trading ecosystem. Binance is known across the world through mainstream advertisement, which results in more investors entering cryptocurrency trading. But there are various other platforms that are also offering similar services.
WOO Network is offering active liquidity to more than 40 exchanges, wallets, institutions, trading teams as well as decentralized apps. Established in the year 2019 by the globally famous quantitative trading company named Kronos Research, WOO Network has the ability to offer affordable liquidity through trading techniques as well as algorithmic aggregation. Clients can get connected with the centralized networks through API and even through the user-friendly WOO X graphical user interface.
From the year 2021, WOO Network started offering liquidity on the Binance Smart Chain (BSC) through their decentralized WOOFi products, which make use of WOO Network custom industry data feeds as well as advanced hedging strategies for offering the depth as well as spreads of the centralized market without the requirement huge on-chain capital.WOO Network liquidity comprises various decentralized protocols such as Matcha, DYDX, 1-inch ParaSwap, and DODO, as well as leveraging capital-efficient solutions for gaining an edge more than passive liquidity providers.
Bin China, who is the Head of Investment at Binance Labs, states that Binance is one of the leading crypto exchanges which look forward to investing in as well as collaborating with key leaders like WOO Network.