WOO Network joins the FinTech Poland Ecosystem

WARSAW, Poland, 4 November 2022 /PRNewswire/ — Acknowledging the role of Poland in the wider development and innovation of digital assets in the EU, the WOO Network has joined the FinTech Poland Ecosystem which aims to share key insights into the innovative, secure and responsible market for cryptoassets in the country.

Poland has recently seen an increase in the number of people holding crypto wallets as many businesses begin to accept cryptocurrency as payment. The country is among the top ten countries in Europe in terms of the percentage of the population with crypto wallets. More than one million people or 2.8% of Polish have crypto wallets.

“The ecosystem here is very proactive in helping to develop the crypto ecosystem and web3 in general, and we’d like to be part of those discussions, especially when it comes to pushing for responsible fintech,” said Jack Tan co-founder of WOO Network.

Fintech Poland Ecosystem aims to increase the competitiveness and internationalization of the Polish financial innovation market by taking joint initiatives, preparing market standards, conducting regulatory dialogue and jointly identifying barriers and development opportunities. The initiative aims to accelerate community building through organizing meetings, working groups and jointly organized seminars and conferences.

“Recently, the market for cryptoassets has developed very dynamically. Companies and financial institutions around the world are increasingly interested in this asset class and the business opportunities that blockchain technology provides. In parallel, the EU decided to become a global pioneer in the legal framework for cryptoassets creating MiCA -regulation.

Accordingly, cryptocurrencies are becoming part of the global financial sector. Therefore, it is especially important when entities with experience in the crypto-asset market, such as WOO Network, declare their participation in our ecosystem. Their experience will be very valuable in creating a competitive and innovative, but also safe and responsible market for crypto-assets. Poland,” said Paweł Widawski, CEO of FinTech Poland.

“We are very excited to have WOO Network because their team comes from diverse backgrounds, with their founders having solid experience in finance. This is very valuable to share with others and discuss challenges in our fintech community,” noted Widawski.

FinTech Poland is also a founding member of the European Digital Finance Association (EDFA), a non-profit independent industry body with 15 EU ecosystems representing 1,000s of members, all of whom collaborate with decision-makers to ensure a prosperous single market and the competitiveness of EU companies.

WOO X is a trading platform for professional traders, with fully customizable modules and trading with low to zero fees, complete with deep liquidity sourced from WOO network, which connects traders, exchanges, institutions and DeFi platforms. The WOO token is used in the network’s CeFi and DeFi products for stake and fee discounts. WOO Network was incubated by Kronos Research, a multi-strategy trading company specializing in market making, arbitrage, CTA and high frequency trading (HFT), with an average of approx. $5-10 billion of daily trading volume on global cryptocurrency exchanges.

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SOURCE WOO network