WOO Network (WOO) Soars 25% as Binance Labs Announces $12M Investment

Binance has made a $12 million investment in WOO Network. WOO’s price surged 25% after the announcement.

The round saw WOO Network raise $30 million from notable investors such as Three Arrows Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, Crypto.com Capital, Avalanche, and BitTorrent. “We are excited to expand our long-lasting relationship and explore further collaborations, especially on BSC,” Huo added.“When talking about liquidity, Binance has far-and-away the highest concentration of volume and users of any centralized exchange. Getting the opportunity to formalize our relationship with Binance will allow us to rapidly accelerate our growth by working closer with Binance across all their industry verticals.

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