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WOO X Secures $9 Million Funding to Boost Liquidity and Expand Global Market
In the latest news, Crypto exchange WOO X has successfully secured $9 million in funding from investors such as Wintermute and other market makers. The company has clarified that the primary objective behind this funding is to align the interests of liquidity providers, rather than solely focusing on raising capital. With a strategic vision in mind, WOO X intends to utilize the funds for global market expansion and acquiring regulatory licenses. Additionally, the exchange plans to bolster liquidity through the introduction of a designated market maker (DMM) program and by enhancing its technological infrastructure.
Key Points:
- WOO X raises $9 million in funding from investors like Wintermute and other market makers
- Focus of funding is to align interests of liquidity providers, not just capital acquisition
- Funds to be used for global market expansion and obtaining regulatory licenses
- WOO X to improve liquidity through DMM program and technology infrastructure enhancements
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