Woo Network

Woo Network

Centralized crypto trading platform with deep liquidity

About

WOO X is a centralized crypto trading platform that sets a high standard in the fintech industry with its emphasis on deep liquidity and radical transparency. The platform offers customizable workspaces and a unique WOO Token Broker Program, making it an ideal environment for professionals keen on advancing their careers in a transparent, high-volume trading setting. Additionally, its use of live dashboards for tracking proof of reserves and liabilities exemplifies its commitment to integrity and open communication.

Company Stage

Seed

Employees

51-200

Industries

Fintech, Crypto & Web3

Total Funding

$59.3M

Headquarters

台北市, Taiwan

Founded

2019


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Simplify's Take

What believers are saying

  • Collaboration with Legend Trading enhances fiat on-ramp services for retail investors.
  • Recent $9M funding round boosts liquidity optimization for WOO X exchange.
  • Growing DeFi interest aligns with WOO Network's innovative trading solutions.

What critics are saying

  • WOOFi's $8M flash loan exploit exposes security vulnerabilities and user trust issues.
  • Inclusion of volatile meme coins could lead to reputational risks for WOO X.
  • Increased competition from new entrants like Yei Finance challenges WOO Network's market position.

What makes Woo Network unique

  • WOO Network offers zero or negative trading fees, attracting cost-conscious traders.
  • The platform connects traders, exchanges, institutions, and DeFi platforms for enhanced liquidity.
  • WOO Network's index perpetual contracts include popular meme coins like Shiba Inu.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%

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