Binance Labs invested $ 12 million in WOO Network

WOO Network, Binance.

  • WOO Network will receive from Binance Labs, the venture arm of Binance Smart Chain, 20 million dollars
  • Funds will be used to develop new ideas, train talent and scale the network

On January 4, crypto exchange Binance announced a Series A + investment round at 20 million dollars. The company plans to invest this money in the development of the WOO Network liquidity platform.

The WOO network spans over 92 structures. It allows traders and investors to quickly access DeFi platforms, wallets, exchanges, trading teams, and more.

BSC Investment Director Peter Ho stated the following in a press release:

“The WOO Network serves the entire crypto ecosystem by adding significant value. It provides high liquidity and zero commission trading both within and outside the platform. We are pleased to expand our long-term relationship and explore opportunities for further strategic cooperation. ”

In November, WOO Network completed the investment round of the series A on 92 million dollars. The partners are Three Arrows Capital, Avalanche, Crypto.com Capital and BitTorrent.

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