Crypto exchange WOO X raises $9 million

The deal will notably improve liquidity on the platform, according to the announcement.

We are delighted to share the expanded relationship of market makers on WOO X following the launch of our DMM program in August last year. These leading market makers have also collectively contributed $9 million in funding, underlining their confidence in our platform,” boasted the exchange’s co-founder.

Jack Tan added that the company will start by improving liquidity on WOO X’s BTC and ETH perpetual futures markets, followed by other altcoins.

WOO Network, the entity behind the platform, had already raised $30 million in Series A funding by the end of 2021 from Fenbushi Capital, MEXC Global and the now-defunct hedge fund 3AC. It had also received backing from Binance Labs in early 2022.

Keep up to date with crypto news on our Twitter or Telegram