The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

WOO Network, a DeFi platform, raises a $12 million round through Binance Labs

3 min reading

Binance Labs led a $12 million Series A+ investing round for DeFi liquidity provider WOO Network.

WOO Network, a DeFi liquidity provider, has acquired further funds in a Series A fundraising round.

WOO Network, which has been developed by statistical trading heavyweight Kronos Research, has secured an added $12 million strategic investment in a Series A+ funding round headed by Binance Labs. On Tuesday, Binance Labs confirmed the new funding adding to WOO Network's $30 million Series A funding round.

WOO Network is well-known for providing liquidity to a large number of institutions, exchanges, trade groups, wallets, and decentralised apps. The major protocols facilitated by the DeFi platform are DYDX, Matcha, ParaSwap, 1inch, and DODO. WOO contends to deliver low-cost liquidity through algorithmic aggregation and trading strategies.

Users can utilise the API or WOO X, the network's trading platform, to assist expedite liquidity.

WOO Network commenced offering liquidity on the Binance Smart Chain (BSC) the previous year, according to the announcement.

Ran Yi, the chief of ecosystem development at WOO Network, stated that Binance has the maximum concentration of volume and users.  “Getting the opportunity to formalize our relationship with Binance will allow us to rapidly accelerate our growth by working closer with Binance across all their industry verticals,” he said.

The new cooperation, according to Binance Labs investment director Peter Huo, would enhance future partnerships on BSC.

In 2021, Binance Labs, the top crypto exchange by volume's venture capital and development arm, conducted a series of investment agreements in the DeFi ecosystem, along with a $2.4 million fundraising round for Polkadot-based smart contract platform Plasm Network and a $60 million investment round for cross-chain protocol Multichain.

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.