Cryptocurrency exchange WOO X has strategically partnered with Wintermute, a leading algorithmic trading firm with a cumulative trading volume exceeding $3.6 trillion in digital assets.
This collaboration is a proactive step by WOO X to reshape its business model, focusing on onboarding top-tier liquidity providers.
The exchange has been actively diversifying its market makers since August, aiming to reduce dependence on any single provider.
Wintermute’s dedication to efficient and liquid markets aligns with WOO X’s emphasis on superior execution and advanced trading features. Notably, other key liquidity providers, including Selini Capital, have also joined WOO X, contributing 15-25% of maker volume on perpetual.
WOO Co-founder Jack Tan emphasized the importance of building trust, stating, “We as users are inherently distrustful of centralized financial systems, and the only way to inspire confidence is to work with partners who share our principles and integrity.”
The partnership seeks to create a positive environment for both businesses and communities, leveraging Wintermute’s technical prowess and commitment to innovation in decentralization.
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