Saturday, December 21, 2024
HomeAcademyWhat is WOO Network (WOO)?

What is WOO Network (WOO)?

The WOO Network is an extensive liquidity network that connects traders, exchanges, institutions, and DeFi platforms. It democratises access to market liquidity, trade execution, and yield generation techniques at reduced or even no cost.

In 2019, Kronos Research incubated WOO Network, a quantitative trading business that has long been a leading market maker across all major exchanges, generating $5–10 billion in daily volume. Over many years of expertise in crypto, the Kronos team identified a critical flaw: insufficient and unaffordable liquidity across many crypto exchanges, both controlled and decentralised.

After that, Kronos assisted in the launch of WOO Network, which today provides a range of solutions that provide consumers with improved liquidity while charging reduced or even no fees.

The majority of the WOO Network’s services are divided between WOO X, a centralised exchange (CEX), and WOOFi, a decentralised exchange (DEX) and staking platform. WOO Network provides WOO Trade for institutional customers, which enables partner exchanges to incorporate WOO Network’s liquidity into their services through an API.

Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

17 + 12 =

- Advertisment -

Most Popular