Binance Labs, the venture capital arm of the world’s leading crypto exchange announced a $12 million strategic funding into institutional liquidity provider Woo Network. Woo Network provides 40+ institutions, exchanges, trading teams, wallets, and defi platforms with active liquidity. Woo network offers two main products namely WOO Trade for institutional investors, and a retail-focused platform called WOO X,
Peter Huo, Binance Labs investment director said:
“WOO Network adds significant value to the crypto ecosystem by providing deep liquidity and zero-fee trading both on- and off-chain. We are excited to expand our long-lasting relationship and explore further collaborations, especially on [Binance Smart Chain]. Binance appreciates the importance of liquidity platforms and looks forward to investing in and collaborating with industry leaders such as WOO Network.”
The latest funding round saw Woo raise over 12 million dollars which is the second leg of the Series A funding round
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