Gate.io is a leading global cryptocurrency exchange and announced that it has invested $5 million in WOO Network as part of its $30 million Series B funding round. Gate Ventures was a partner of Three Arrows Capital and PSP Soteria Ventures, as well as other prominent investors in this space.

“As the global cryptocurrency market continues to hit new highs during the current bull run, Gate.io has continued to invest in new and promising companies in the blockchain space through its dedicated investment arm, Gate Ventures. We believe there is still a lot of opportunity for growth in the CeFi and DeFi markets and so this investment in WOO Networks reaffirms our commitment to investing in the space,”
said Marie Tatibouet, Chief Marketing Officer at Gate.io

WOO Networks is a rising player on the market. Its focus on creating layers of liquidity to support exchanges and brokers around the globe has made it a popular choice. WOO networks offers its clients high liquidity and low-cost trading. These unique characteristics will allow it to grow.

Gate Ventures’ Growth
Gate Ventures was relaunched in September and has the mission to partner with innovative companies in the Blockchain industry. Gate Ventures acts as an investment arm to the Gate.io community and will continue investing in the market, focusing on DeFi platforms, which have become a key sector within the overall industry.

Gate Ventures, although it is relatively young in the investment world, invested more than $10 million its first month of operation. Gate Ventures doesn’t just act as an investor, but an incubator of talent, providing companies with grants and strategic support to make its market in the wider cryptocurrency market. Gate Ventures recently partnered and invested in Pyth Network. Companies receive financial support as well as access to the Gate.io ecosystem, which includes the main Gate.io exchange.

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