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WOO Network, an institutional liquidity provider, announced today that they would explore deep collaborations within the Crypto.com ecosystem. This includes Cronos, the first EVM-compatible blockchain designed with interoperability to the Cosmos ecosystem, and Crypto.com, a top global trading platform with over 10m users.
WOO, the native token of the WOO Network, can also be integrated into a number of products across the Crypto.com and Cronos ecosystem. Currently WOO is available on a number of networks including Ethereum, Avalanche, Fantom, Polygon, BSC, and Arbitrum.
Ran Yi, Chief of Ecosystem Development at WOO Network said: “Cronos and Crypto.com’s explosive growth in the retail market segment make the ecosystem a very attractive partner to collaborate with. Few platforms have such a large number of users, markets, and mature products in which WOO Network can plug in. Having the WOO token become a key part of this ecosystem is another exciting proposition for the WOO community.”
In January of 2022, Crypto.com Capital participated in WOO Network’s $30m Series A fundraising round, headlined by strategic partners such as Three Arrows Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, Avalanche, and BitTorrent.
Ella Qiang, VP of Ecosystem and Partnerships at Cronos Labs said: “ WOO Network has been at the forefront of bridging the gap between TradFi and DeFi. We are thrilled to collaborate with Woo Network and elevate DeFi on Cronos to the next level by improving capital efficiency of onchain liquidity.”
About WOO Network
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at lower or zero cost. Its flagship product, WOO X, is a professional trading platform featuring customizable modules and lower to zero-fees complete with deep liquidity. WOO Network was incubated by Kronos Research, a quantitative trading firm generating $5-10B in daily volume.
About Cronos
Cronos mainnet has been live since November 2021 and is already home to more than 200 partners and more than 700,000 DeFi and NFT users. Cronos is powered by the Cronos ($CRO) cryptocurrency, which counts more than fifty million holders and users worldwide.