-WOO X enables retail users to access the institutional liquidity network with 
low or zero fees 
-Deepest liquidity attained through the aggregation of global liquidity, 
advanced crossing and order routing engines, and organic capital from top 
market makers 
-First digital asset exchange to use Payment for Order Flow adapted for 
transparency and trade execution 

Today, WOO Network, a digital asset liquidity network, launched its exchange 
named WOO X. The new exchange is a trading platform providing professional and 
institutional traders with the best-in-class liquidity for superior trading 
execution. Its mission is to unify market liquidity in a highly fragmented 
ecosystem and to democratize cryptocurrency trading with its unique model. 

WOO X achieves its deep liquidity through aggregating depth from larger 
exchanges and setting up a liquidity pool with multiple market makers or 
liquidity providers, including Kronos Research. 

WOO X is the first digital asset exchange that applies a transparent model of 
Payment for Order Flow (PFOF) to guarantee the lowest commission fee for retail 
traders. The model adopted on WOO X differentiates from traditional PFOF models 
by focusing on trading execution quality. Traders on WOO X are provided with a 
transparent order book along with market prices and spreads competitively in 
line with global markets. 

WOO X offers the most competitive fee structure across the industry across 
maker and taker orders, and traders can unlock full zero maker and taker fees 
when staking the required amount of WOO tokens on WOO X. 

"Fragmented liquidity raises the costs for both sellers and buyers, especially 
participants with larger volumes. WOO Network is about to disrupt this 
fast-growing multi-billion-dollar industry by offering access to its 
industry-leading liquidity pools. Through our partnership with Kronos Research 
and other quantitative market-makers, WOO Network is enabling the creation of 
an exchange that will set the standard for liquidity and best execution for 
traders," said Jack Tan, founder and Co-CEO of WOO Network. 

In light of jurisdictions around the world stepping up their efforts to instill 
more discipline in the industry, WOO Network is quickly adapting to navigate 
the ever changing legal landscape. The team takes proactive steps to stay on 
top of all applicable laws. Chief among these measures are KYC 
(know-your-customer) and AML (anti-money laundering) compliance. 

WOO Network was founded by two Wall Street veterans, Jack Tan and Mark 
Pimentel. Tan graduated from Carnegie Mellon University, then worked at BNP 
Paribas and Deutsche Bank. He is a seasoned trader, making his first equity 
trade at age 14. Pimentel also graduated from CMU, started his career at 
Citadel Investment Group, and continued on at Knight Capital's electronic 
market making group. His team operated the largest dark pool in the US and 
Europe during the time. 

Incubated by Kronos Research, WOO Network has no shortage of capital support 
from key industry players such as Dragonfly Capital, Three Arrows Capital, and 
IOSG Ventures, among others, a true attestation of faith in the company's 
direction. 

About WOO Network
The WOO Network is a deep liquidity network connecting global liquidity, top 
market makers, and quantitative trading strategies, to provide traders, 
exchanges, institutions, and DeFi platforms with democratized access to deep 
liquidity at a low cost. The WOO Network was founded by Kronos Research, one of 
the top quantitative trading firms in the world generating $5-10 billion in 
daily trading volume, with the goal of democratizing access to the 
best-in-class liquidity, trading, and yield generation strategies through 
various products. 

Visit our website: x.woo.org

Media contact:

Peter Tou: peter@woo.network, (+886)9395-8-3595

SOURCE Wootech