Algorithmic trading firm Wintermute started working with cryptocurrency platform WOO Network.
According to today’s announcement, Wintermute will work with the WOO team to grow liquidity on WOO X.
Wintermute, based in London and Singapore, has a total of $3.6 trillion worth of transaction volume.
WOO X has been negotiating with different market makers since August 2023 to avoid being dependent on a single liquidity provider. Jack Tan, one of the founders of WOO, said that they were impressed by the fact that Wintermute was “chasing innovation” in the field of decentralized infrastructures.
Besides Wintermute, Selini Capital also supports the WOO X platform as a liquidity provider.
WOO, the project’s own token, allows users to participate in both DeFi and CeFi ecosystems. WOO on a daily basis, according to TradingView data Gaining 15% to above $0.275 output.