Woo Network was founded in 2019 by the Kronos Research team. It is a full-featured spot trading platform for major digital assets, including Bitcoin, Ethereum, EOS, and more. Woo Network can be accessed both on desktop and mobile phones.
Woo Network requires all users to go through a mandatory KYC verification process in order to use the exchange. This process includes submitting a government-issued ID and proof of address.
Besides, WOO Network offers both – a decentralized and centralized exchange. WOOX (referred to as WOO Network in this article) is the CEX, while WOOFi is the DEX.
WOO Network centralized exchange offers zero-fee trading, deep order-book-based liquidity, as well as powerful trading and analytical tools.
Markets
There are both – WOO Network spot and derivatives markets on the exchange with margin availability and leverage. There is a huge variety of assets that can be traded through crypto-crypto WOO Network trading pairs. Overall, there are 88 spot markets and 64 futures markets. The trading pair that has the highest WOO Network trade volume is ETH/USDT.
Besides, the platform also supports fiat currencies such as the US dollar (USD), the European Euro (EUR), and the British Pound (GBP). Thus, the platform allows users to easily purchase their crypto using credit and debit cards.
Standard WOO Network exchange fees for spot trading are 0.1% for makers and 0.2% for takers. Considering derivatives trading, the WOO Network crypto fees are 0.075% for makers and 0.25% for takers. There is also a VIP program that offers discounts on fees for high-volume traders. Deposit and withdrawal fees, on the other hand, depend on the asset being traded. For example, the deposit fee for WOO token is 0.0001 WOO and the withdrawal fee is 0.001 WOO.
WOO is the native asset of the WOO Network. WOO token is used for staking rewards, fee discounts, governance rights, and so on. You can check the WOO Network crypto price right here.
Other Services
Apart from trading, WOO Network also allows users to earn passive income through staking. All they have to do is stake WOO tokens. Users who stake WOO tokens can enjoy zero-fee trading, unlock free withdrawals, as well as receive bonus yields and increased referral rates.
Besides that, there's a referral program that allows users to earn passive income by referring the platform to their friends.
Additionally, the WOO Network plans to release a launchpad, which will allow developers to launch their projects, while investors will be able to get their hands on new and promising projects.
About the Company
WOO Network is a cryptocurrency exchange that was founded in 2019 by Kronos Research. It is headquartered in Taipei, Taiwan. The exchange offers trading of major cryptocurrencies on its platform. WOO Network has been growing steadily since its launch in 2019. In 2020, the 24-hour WOO Network volume hit $36 million.
Kronos Research is a cryptocurrency trading, market-making, and venture investment company that specializes in blockchain technology and cryptocurrencies. The company was founded by Jacob Chen and Alex Lee in 2018. Both Chen and Lee have extensive experience in the cryptocurrency industry.
WOO Network is a reliable and safe platform for trading cryptocurrencies. The exchange has had no major hacks or system compromises.
