Binance Labs Leads $12 Million Round for Woo Network
Founded by quantitative trading major Kronos Research, Woo Network has received an additional $12 million in strategic investment in a Series A+ funding round led by Binance Labs. The new funding, announced by Binance Labs on Tuesday, builds on Woo Network's $30 million Series A funding round.
Woo Network (WOO) is known for adding liquidity to institutions, exchanges, trading teams, wallets and decentralized applications. DYdX, Matcha, ParaSwap, 1inch and Dodo are the main protocols supported by the DeFi platform. Woo claims to provide low-cost liquidity through aggregation algorithms and trading methods. Customers who want more liquidity can use the Woo X network's API or proprietary trading interface.
