The cryptocurrency trading platform WOO X has completed a $9 million financing round, with participation from Wintermute, Selini Capital, and others

2024-01-18 16:59:26

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ChainCatcher news, according to The Block, the crypto trading platform WOO X has completed a $9 million financing round to improve liquidity. Investors include Wintermute, Time Research, Presto Labs, Pulsar, AlphaLab Capital, Efficient Frontier, Amber, and Riverside Hedge.

WOO co-founder Jack Tan stated that the new financing will primarily be used for global market expansion, reinvestment in improving its product suite, obtaining regulatory licenses in key markets, and actively marketing to increase its market share in CeFi. The main purpose of the plan is to align the interests of liquidity providers rather than to raise funds, as the total amount is less than a quarter of a Series A financing round. Only market makers participated in this financing round, which will help enhance WOO X's liquidity rather than acting as a traditional venture capital fund.

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WOO X investment and financing

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