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Proud to be a world-renowned liquidity provider DeFi space, Woo Network announced that it has raised an additional US$12 million in the A+ round of financing organized by the entity.This round of financing is funded by Binance Investment Venture capital Binance Labs aims to incubate high-potential projects and seek financial assistance in the crypto field. The new funding pool is a supplement to Woo Network’s $30 million Series A financing activity.
According to the report, the collected funds will play an important role in further advancing the expansion plan of the Woo Network ecosystem.The company began to provide its fluidity In 2020, it will provide services on the Binance Smart Chain network, making it a trusted partner of Binance’s leading encrypted exchange cluster. The latest analysis shows that after Binance Lab announced additional investment, the value of Woo Network’s native tokens has risen to new heights.
Woo Network is due to trading platforms, business entities, trading teams, Decentralized wallet Solutions and decentralized financial applications. The main protocols supported by the portal include brands such as ParaSwap, 1inch, Dodo, DYdX, and Matcha. Powerful aggregation algorithms and revolutionary trading mechanisms make Woo Network a promising interface for crypto investors seeking economic liquidity resources. Users can use API or native trading solution Woo X to take advantage of liquidity tools and services.
When talking about the support of Binance Labs, Woo Network Ecosystem Development Director, Ran Yi said that Binance is a top company with the highest transaction volume and customer support. The company looks forward to using Binance’s support and expertise in this area to expand its business. The team will work hard to explore all verticals in the industry to promote its liquid investment portfolio. Peter Huo, Investment Director of Binance Labs, said that this cooperation will pave the way for more projects to enter the BSC ecosystem.
As the incubation and venture capital cluster of the world’s largest cryptocurrency exchange, Binance has recently signed various investment agreements related to the following Go to financial institution. The platform completed a financing of US$2.4 million for polka dot-Supported Plasm Network and raised USD 60 million for the cross-chain solution Multichain. The investment incubator supports DeFi projects and developers who are willing to enter the fast-growing DeFi field.
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