BingX, is a cryptocurrency exchange that offers users a better price execution and faster transactions by tapping into WOO Network’s deep liquidity.
The firm joins forces with WOOTRADE, the first licensed US broker-dealer focused on digital assets and will list WOO Network’s native token, WT, on its exchange.
Its users will now have access to WOO Network’s deep liquidity pool, which includes major exchanges such as Binance, Huobi, OKEx, and Upbit.
With this partnership, BingX can offer its users better prices and faster transactions.
Wootrade will be freely available to BingX users, according to details of a news release on Thursday.
Customers can now “plug into” the solution and gain from its extensive liquidity thanks to the integration.
The liquidity pools are accessible for all major pairs, according to the release.
According to Ran Yi of WOO Network:
“WOO Network is enthusiastic about potentially offering liquidity to BingX; a platform that plays a vital role in ensuring the crypto-asset handel across the global space.”
“BingX’s dedication to compliance and security makes them an excellent partner for growing new markets and increasing volume on our network.”
Improved price execution
The agreement will boost BingX’s status as a platform for investors seeking better and faster services.
Thus, in the long run, this will attract more users to BingX’s platform as it seeks to grow its customer base and become a leading digital asset trading platform.
The improvement in liquidity is part of a larger initiative to improve the market structure.
In particular, the deep liquidity will boost consumer confidence as order books expand.
With faster trades and better price execution; the overall trading experience will improve significantly, lowering trading fees considerably.
BingX has been adding new cryptocurrencies regularly as it strives to attract more customers and deliver the finest trading experiences for its users.
Avalanche (AVAX), Algorand (ALGO), Sushi (SUSHI) and Solana (SOL) are among the latest additions, which were made in recent months.
This latest integration with WOO Network is a key step in BingX’s goal to provide the best digital asset trading experience for its customers.
There are approximately 300 trading pairs on the platform, including over 300 of which they been supporting.
Previously, there was support for OmiseGo (OMG) and Stellar (XLM).
BingX is a Singapore-based digital asset trading platform that was launched in December 2017.
The company provides an easy way to buy, sell, and trade cryptocurrencies
This is not the first time that BingX has announced a partnership to improve its service.
In the past, similar integrations took place with major exchanges such as Binance, Huobi, OKEx, and Upbit.
The company earlier reveals that; it was partnering with “several large financial institutions” to offer “competitive prices” for its users.
BingX has also partnered with Simplex, a leading provider of crypto payment processing solutions.
The company is currently live in beta and is available to residents of Singapore, Australia, Canada, the United States, and the United Kingdom.
Wootrade is a digital asset trading platform; that connects buyers and sellers in real-time, providing deep liquidity and low fees.
It is one of the largest digital asset trading platforms by volume.
With this partnership BingX will not only expand its services to new frontiers.
In addition, this will increase its customer base, allowing potential investors to get onboard.