The decentralized finance (DeFi) deep liquidity provider WOO Network has raised additional $12 million in a series A
funding round
Funding Round
Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments.
Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments.
Read this Term led by Binance Labs. On January 4, Binance Labs announced the $12 million strategic investment in WOO Network, which is the second leg of the series A funding round. In November last year, WOO Network raised 30 million, a fundraise that saw firms such as BitTorrent, Avalanche, Crypto.com Capital, and Three Arrows Capital participating in the event. The DeFi platform plans to use the newly raised funding for rapid expansion through research and development, talent acquisition, and development of new decentralized products.
The announcement showed that WOO Network began offering liquidity on the Binance Smart Chain (BSC) last year.
Ran Yi, Chief of Ecosystem Development at WOO Network, talked about the development and recognized Binance as the largest exchange with the highest concentration of users and volume. “Getting the opportunity to formalize our relationship with Binance will allow us to rapidly accelerate our growth by working closer with Binance across all their industry verticals,” he elaborated.
Meanwhile, Peter Huo, Binance Labs Investment Director, stated: “WOO Network adds significant value to the crypto ecosystem by providing deep liquidity and zero-fee trading both on- and off-chain. We are excited to expand our long-lasting relationship and explore further collaborations, especially on [Binance Smart Chain].”
Last year, WOO Network launched WOOFI, a DEX with the low slippage and best possible pricing, and started providing liquidity on Binance SMART chain. WOOFI Swap uses the institutional market-making techniques and liquidity network to reduce slippage and improve pricing. WOO Network offers liquidity to more than 40 institutions, wallets, trading teams, exchanges, and decentralized applications. For instance, the platform offers liquidity to decentralized protocols like DODO, ParaSwap, DYDX, 1inch, and Matcha. Other products being offered by the company include the retail-focused WOO X, which combines deep
liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term and zero-free trading, and WOO Trade, a platform for institutional investors.
Why VCs Are Investing Billions Into Crypto
The development by Binance Labs leading the fundraising event in WOO Network comes at a time when the crypto industry sees fast maturity, with many people comparing it with the gold rush. With the industry’s maturity, users are starting to see a flood of retail and traditional investors flocking to the crypto and blockchain landscape. Venture capital funds such as Digital Currency Group, Coinbase Ventures, Pantera Capital, Fenbushi Capital, and other institutional investors are increasingly eyeing crypto and blockchain businesses to see if there is profit to be made in financing them. Cryptocurrency startups have plenty of equity, and the general public is turning to view them as viable investment vehicles. Venture capital funds consisting of a pool of investors wish to make a huge amount of money quickly. Fund managers of various crypto and blockchain startups send out prospectus (proposal) to potential investors inviting them to participate in fundraising events. However, VC fund managers spend a significant amount of time reviewing thousands of crypto and blockchain projects to determine growth potential. Venture capital firms are normally prudent investors and they like to spread their bets. In this manner they don’t risk putting all their money in one basket.
The decentralized finance (DeFi) deep liquidity provider WOO Network has raised additional $12 million in a series A
funding round
Funding Round
Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments.
Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments.
Read this Term led by Binance Labs. On January 4, Binance Labs announced the $12 million strategic investment in WOO Network, which is the second leg of the series A funding round. In November last year, WOO Network raised 30 million, a fundraise that saw firms such as BitTorrent, Avalanche, Crypto.com Capital, and Three Arrows Capital participating in the event. The DeFi platform plans to use the newly raised funding for rapid expansion through research and development, talent acquisition, and development of new decentralized products.
The announcement showed that WOO Network began offering liquidity on the Binance Smart Chain (BSC) last year.
Ran Yi, Chief of Ecosystem Development at WOO Network, talked about the development and recognized Binance as the largest exchange with the highest concentration of users and volume. “Getting the opportunity to formalize our relationship with Binance will allow us to rapidly accelerate our growth by working closer with Binance across all their industry verticals,” he elaborated.
Meanwhile, Peter Huo, Binance Labs Investment Director, stated: “WOO Network adds significant value to the crypto ecosystem by providing deep liquidity and zero-fee trading both on- and off-chain. We are excited to expand our long-lasting relationship and explore further collaborations, especially on [Binance Smart Chain].”
Last year, WOO Network launched WOOFI, a DEX with the low slippage and best possible pricing, and started providing liquidity on Binance SMART chain. WOOFI Swap uses the institutional market-making techniques and liquidity network to reduce slippage and improve pricing. WOO Network offers liquidity to more than 40 institutions, wallets, trading teams, exchanges, and decentralized applications. For instance, the platform offers liquidity to decentralized protocols like DODO, ParaSwap, DYDX, 1inch, and Matcha. Other products being offered by the company include the retail-focused WOO X, which combines deep
liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term and zero-free trading, and WOO Trade, a platform for institutional investors.
Why VCs Are Investing Billions Into Crypto
The development by Binance Labs leading the fundraising event in WOO Network comes at a time when the crypto industry sees fast maturity, with many people comparing it with the gold rush. With the industry’s maturity, users are starting to see a flood of retail and traditional investors flocking to the crypto and blockchain landscape. Venture capital funds such as Digital Currency Group, Coinbase Ventures, Pantera Capital, Fenbushi Capital, and other institutional investors are increasingly eyeing crypto and blockchain businesses to see if there is profit to be made in financing them. Cryptocurrency startups have plenty of equity, and the general public is turning to view them as viable investment vehicles. Venture capital funds consisting of a pool of investors wish to make a huge amount of money quickly. Fund managers of various crypto and blockchain startups send out prospectus (proposal) to potential investors inviting them to participate in fundraising events. However, VC fund managers spend a significant amount of time reviewing thousands of crypto and blockchain projects to determine growth potential. Venture capital firms are normally prudent investors and they like to spread their bets. In this manner they don’t risk putting all their money in one basket.
Source: https://www.financemagnates.com/fintech/woo-network-raises-12-million-series-a-led-by-binance-labs/