BingX and WOO Network have announced a partnership, with which BingX users will be able to access WOO Network’s institutional liquidity solution, Wootrade, freely, Invezz learned from a press release.  Wootrade has a rapidly growing list of assets with a peak daily trading volume of over $600 million.

WOO Network helps exchanges resolve their issues by providing deep liquidity. The partnership will enable BingX users to ‘plug into’ Wootrade’s deep liquidity pools on main pairs, allowing the Wootrade Network to act as a key liquidity support.

Ran Yi, Chief of Ecosystem Development at WOO Network commented:

WOO Network is excited to explore providing liquidity to  BingX, a platform that plays a very innovative role in bringing crypto-asset trading to the global stage. BingX’s focus on compliance and security makes them an ideal partner to develop new markets and bring more volume to our network.

Deep liquidity on BingX improves investor confidence and the overall trading experience of users. Sufficient access to liquidity will also lead to an increase in order books for investors. This provides better price execution and improves market transparency, greatly reducing the overall cost of trading. What’s more, traders can expect lightning speed transactions on BingX.

Global Communications Director at BingX Elvisco Carrington added:

Recently, we’ve been adding several coins on our platform which we are happy to say has led to a spike in our daily average trading volume. That being said, it is critical that liquidity becomes a frontrunner at this juncture. BingX is continuously working to create a trading environment that minimizes market volatility as much as possible. By partnering with Woo Network, we are confident that we are better able to achieve this goal.

BingX has already listed well over 300 new spot trading pairs, including OMG, HODL and RAD and plans to add more in the immediate future. The platform also intends to deepen cooperation with Woo Network, developing a more satisfying, profitable, and valuable trading experience.  

The post BingX and WOO join forces to improve price execution, liquidity appeared first on Invezz.

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