Around 15 Investors Pour $30 Million in Crypto Exchange WOO Network

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Crypto area is increasing at a brisk tempo and extra crypto trade platforms are attempting to ascertain themselves out there early on. In a Series A funding spherical, crypto trade platform WOO Network has bagged $30 million (roughly Rs. 223 crore) from numerous buyers, together with main Singapore-based funding agency Three Arrows Capital. A complete of fourteen different enterprise capital companies participated within the spherical. The crypto startup WOO claims to supply deep liquidity and zero-fee buying and selling to customers on its crypto trade.

The growth comes after the corporate’s day by day buying and selling worth grew by $20 million (roughly Rs. 148 crore) in early 2020 to an all-time excessive of $2.6 billion (roughly Rs. 19,330 crore) in mid-September, as per CoinDesk.

WOO Network shared the information about efficiently closing its contemporary funding spherical on Twitter.

The crypto trade plans on utilizing the funds to ascertain a analysis and growth facility in Warsaw, Poland.

In October, US-based non-fungible token (NFT) firm known as Candy Digital secured $100 million (roughly Rs. 747 crore) in a Series A funding spherical. NFTs are digital collectibles impressed by actual life gadgets together with video games, art work, and songs amongst different issues.

Mojito, a tech-suite enabling the creation of NFT marketplaces additionally secured an funding of $20 million (roughly Rs. 150 crore) in a contemporary funding spherical just lately.

The crypto market is witnessing a fast enlargement on a world degree. Earlier this week, the general valuation of the crypto market reached the $three trillion (roughly Rs. 2,22,79,296 crore) mark, as per market analysis tracker, CoinGecko.

As per a report by Cryptimi, an estimated 504 cryptocurrency exchanges at the moment exist, out of which 259 are tracked on CoinMarketCap with others deliver early startups.


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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the final three years now and shall be focussing on writing about all issues crypto. Besides this, she is a serious sitcom nerd and infrequently replies in Chandler Bing and Michael Scott references. For suggestions or queries you might attain out to her at RadhikaP@ndtv.com.
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