{"id":66759,"date":"2023-12-12T10:32:21","date_gmt":"2023-12-12T14:32:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=66759"},"modified":"2023-12-12T10:32:23","modified_gmt":"2023-12-12T14:32:23","slug":"woo-x-partners-with-wintermute-for-liquidity-boost","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/woo-x-partners-with-wintermute-for-liquidity-boost\/","title":{"rendered":"WOO X Partners with Wintermute for Liquidity Boost"},"content":{"rendered":"\n

Wintermute has partnered with the cryptocurrency exchange platform Woo X as a designated liquidity provider<\/a> for the exchange<\/p>\n\n\n\n

\"WOO
WOO X Partners with Wintermute for Liquidity Boost<\/figcaption><\/figure>\n\n\n\n

The most recent collaboration between the two platforms focusing on cryptocurrencies is an open and proactive endeavor to recruit top-tier liquidity providers. Wintermute, a liquidity provider based in London and Singapore, is among several market makers working with the cryptocurrency platform.<\/p>\n\n\n\n

Selini Capital and Black Code Group, among other liquidity providers, provide additional support for WOO X. Selini Capital has consistently contributed 15\u201325% of the total volume of makers on Perpetual Protocol\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

According to WOO CEO Jack Tan, who announced the agreement, years of observing the trading firm maintain a solid reputation and track record. Tan disclosed to Cointelegraph that Wintermute is an industry-leading cryptocurrency brand and market maker. <\/p>\n\n\n\n

Furthermore, the collaboration with Wintermute enhances WOO X's standing in institutional circles and increases the company's liquidity in the order books, he continued.<\/p>\n\n\n\n

\n

\u201cIt\u2019s a strong signal to professional traders that we are serious about making WOO X an essential venue for trading.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

A combination of centralized and decentralized exchange (DEX) platforms <\/a>make up the Woo ecosystem. According to Tan, WOOFi, a decentralized order book and exchange DEX, is presently investigating the design of their v3 iteration, which is expected to be released by the conclusion of the first quarter of 2024.<\/p>\n\n\n\n

\u201cThe v2 is already processing over $100 million in daily volume, placing it at rank eight on DefiLlama for all DEXs. Being able to add additional LPs [liquidity providers] of the caliber of Wintermute could be a source of even better pricing for the exchange.\u201c<\/em><\/p>\n\n\n\n

WOO X is implementing sustainable and competitive market maker incentives and actively enlisting more industry-leading market makers to reduce reliance on a single liquidity provider.<\/p>\n\n\n\n

This starkly contrasts its 2019 introduction, which utilized a single market maker model. Seated market makers supply liquidity for sixty to seventy percent of futures volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wintermute has partnered with the cryptocurrency exchange platform Woo X as a designated liquidity provider for the exchange The most recent collaboration between the two platforms focusing on cryptocurrencies is an open and proactive endeavor to recruit top-tier liquidity providers. Wintermute, a liquidity provider based in London and Singapore, is among several market makers working […]<\/p>\n","protected":false},"author":12,"featured_media":66761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1933,11481,17552],"class_list":["post-66759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-liquidity","tag-wintermute","tag-woo-x"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/image-38.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=66759"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/66761"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=66759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=66759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=66759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}