This partnership with Woo Network enables BingX users to freely access WOO Network’s institutional liquidity solution, Wootrade. Wootrade has a rapidly growing list of assets with a peak daily trading volume of over $600 million.
BingX’s integration of Wootrade’s deep liquidity will allow traders to ‘plug into’ Wootrade’s deep liquidity pools on main pairs, allowing the Wootrade Network to act as a key liquidity support.
“WOO Network is excited to explore providing liquidity to BingX, a platform that plays a very innovative role in bringing crypto-asset trading to the global stage. BingX’s focus on compliance and security makes them an ideal partner to develop new markets and bring more volume to our network.” – Ran Yi, Chief of Ecosystem Development at WOO Network
A key advantage of having deep liquidity on BingX is that it serves as an attraction, bolstering investor’s confidence and improving the overall trading experience of our users. Adequate access to liquidity will lead to an increase in order books for investors as well. This not only improves market transparency, but also gives users better price execution, which greatly reduces the cost of trading. All in all, users can expect lightning speed transactions when completing trades on BingX.
“Recently, we’ve been adding several coins on our platform which we are happy to say has led to a spike in our daily average trading volume. That being said, it is critical that liquidity becomes a frontrunner at this juncture. BingX is continuously working to create a trading environment that minimises market volatility as much as possible. By partnering with Woo Network, we are confident that we are better able to achieve this goal.” – Global Communications Director at BingX, Elvisco Carrington
BingX has already listed well over 300 new spot trading pairs such as OMG YEARN HODL RAD and STELLAR, with that number expected to grow during this quarter and the next. BingX plans to deepen cooperation with Woo Network, expanding its services to further develop a more satisfying trading haven that yields profitability and offers more value to users.
About WOO Network
WOO Network is a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with democratised access to the best-in-class liquidity and trading execution at lower or zero cost. The network’s liquidity is platform-agnostic, allowing it to be bridged across CeFi and DeFi to generate various use-cases.
Founded in 2018, BingX.com is a global digital asset, spot and derivatives trading platform that provides a user-centric and open ecosystem with intuitive social trading features. Created to enrich the entire cryptocurrency industry, BingX is a safe, reliable, and user-friendly venue for users to trade their favourite assets. BingX has branches in the United States, Canada, the European Union, Australia, Hong Kong, and Taiwan. It has registered or obtained financial service licences recognized and regulated by local governments in the countries and regions where it operates.
The issuer is solely responsible for the content of this announcement.