With investment from Singapore-based Three Arrows Capital, the crypto exchange WOO Network has bagged $30 million (roughly Rs. 223 crores) for its Series A funding round to create deep liquidity and zero-fee trading services on their platform. This is not surprising as it comes shortly after 16 other venture capital firms invested in this year’s initiative including US-based Coinitu$. The firm claims they offer “the world’s most advanced market surveillance” which includes analytics.
The company’s daily trading value grew by $20 million (around Rs. 148 crores) in early 2020 to an all-time high of 2.6 billion, as per CoinDesk.
WOO Network announced that it has successfully closed its latest funding round on Twitter.
The move is aimed at cementing their status as one of Europe’s top digital asset exchanges by ensuring that they stay up-to-date with all latest trends across different industries whilst also becoming less reliant upon listings from other countries like Wall Street or London for example which could potentially change if something goes wrong - not only would it be harder but this means there’d likely never come an opportunity again either way since you can’t rely too heavily on on without putting yourself constantly under threat!
The investment is significant given how quickly cryptocurrencies have grown over recent years; Candy Digital’s Series A round brings its total raised until now to close on 776 crores or around 1 billion US dollars!
Read Also: From Crypto Wallets Google Ads Phishing Scam Stealing
