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WOO Network Completes $30 Million Series A Funding Round

WOO Network has recently raised $30 million from its Series A funding round — participated by investors like Three Arrows Capital, Crypto.com Capital, Gate Ventures, and many other trading institutions, exchanges, venture funds, and research firms.

The strategic equity round was a resounding success, having been oversubscribed by 200%. Prior to the round, WOO X –a trading platform that offers top market liquidity at lower to zero trading fees for traders — and the alpha launch of WOOFi — a decentralized exchange platform that offers the best possible swap prices and reduced slippage at lower fees — were successfully rolled out.

While the exchange landscape is growing more competitive, WOO X is poised to make a mark with its deep liquidity coupled with lower to zero-fee trading – these two propositions are phenomenally useful for institutional and retail traders to achieve superior trading execution.

 

Su Zhu, Co-Founder at Three Arrows Capital

A portion of the new capital will go to global market expansion effort via talent acquisition and the opening of a new R&D office in Warsaw. Another portion will also be used for the development of new product lines including futures, social trading, and a range of cutting-edge DeFi trading and yield generating products.

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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