Strategic transformation: working with top liquidity providers

This strategic move marks a step forward in the positive transformation of WOO X's business model, which includes partnerships with top liquidity providers.。London and Singapore-based Wintermute coincides with the move。

WOO co-founder Jack Tan expressed his satisfaction with the cooperation between the two parties and mentioned Wintermute's outstanding performance and reputation over the years.。Tan highlighted the alignment of values on both sides, particularly in the areas of technological capabilities and innovation related to infrastructure and governance decentralization, which are at the core of WOO's mission.。

"Wintermute's commitment to creating an efficient, liquid digital asset marketplace coincides with WOO X's focus on execution excellence and advanced trading capabilities.。Evgeny Gaevoy, CEO and co-founder of Wintermute, said, "Our expertise in providing robust liquidity is complemented by our shared commitment to transparency, which is essential to building trust in centralized cryptocurrency trading products.。"

Since August, WOO X has been actively enlisting leading market makers to introduce sustainable and competitive market maker incentives to reduce reliance on any single liquidity provider.。Originally introduced in 2019, the single market maker model, designated market makers currently provide liquidity for 60 to 70 per cent of futures trading volume。

In addition to Wintermute, other well-known liquidity providers such as Selini Capital and Black Code Group now support WOO X。

"Transparency and reducing counterparty risk are top priorities for WOO X," says Tan. "As users, it's easy to distrust centralized financial systems, and the only way to do that is to work with partners who share our principles and integrity.。"

WOO X and Wintermute: partnership in the cryptocurrency space

Wintermute, a global algorithmic trading firm with billions of dollars in daily trading volume, engages in over-the-counter trading and provides liquidity on more than 60 centralized and decentralized exchanges.。The company is actively involved in the ecosystem, investing in early-stage Web3 projects and supporting traditional financial institutions involved in the cryptocurrency space.。

The WOO network democratizes access to top-tier liquidity and trade execution while maintaining competitive costs。The network consists of two platforms - WOO X and WOOFi, the latter of which is the top 15 DEX in 24-hour trading volume.。The native token $WOO provides a unique location for holders to participate in the DeFi and CeFi ecosystem and get the most out of it。The company has 170 employees and operates in 12 cities in 8 countries in Europe and Asia.。