Genesis Block and Wootrade are pleased to announce they have entered into a strategic partnership to combine Genesis Block’s experience as a leading over-the-counter (OTC) trading center for digital assets with Wootrade’s disruptive market making platform. Wootrade is able to provide exchanges, brokers and trading institutions with deep liquidity at the best market prices, improving the trading environment for clients and partners such as Genesis Block. Genesis Block will be able to leverage Wootrade’s innovative revenue-sharing model to further reduce or eliminate trading fees through their OTC services.
With adequate trading liquidity and low trading fees representing two critical hallmarks for an efficient OTC service provider, Wootrade can plate a key role in assisting Genesis Block provide premium bespoke trading solutions. Genesis Block has a rapidly growing global network of clients, backed by a team of financial professionals and industry leaders with prominent experience in the field of asset management and trading. Their vision is to make digital assets and cryptocurrencies more widely available, leading to mass adoption for the industry.
Genesis Block announced that “As an investor and international client of Wootrade, we will capitalize the Wootrade technology to better meet the needs of our OTC clients. The technology will allow us to offer our clients with more lucrative and competitive pricing.”
Genesis Block joins a growing list of prominent financial backers, including major institutions such as Three Arrows Capital and IOSG Ventures. The new capital will be used to expand Wootrade’s development team as well as the global marketing efforts. Wootrade is being incubated by Kronos Research, a leading quant firm that provides robust trading and research infrastructures for world-class traders to build, test, and trade advanced machine learning and AI models.
About Genesis Block
Genesis Block is a premier OTC trading center headquartered in the financial hub of Asia, Hong Kong. Genesis Block also operates the largest digital asset ATM machines in Asia through the company’s subsidiary, CoinHere. They operate over 40 commercial-scale crypto farms in the Asia-Pacific region.
Wootrade is a digital asset liquidity pool incubated by quantitative hedge fund Kronos Research, that can provide its users with a transaction depth of 100 BTC with a spread of 0.2%. Wootrade’s current clients include traditional and decentralized exchanges, and professional traders. Wootrade’s exchange clients reported a 3.5x increase in trading volume after gaining access to Wootrade’s liquidity.