SEYCHELLES, Victoria, Oct. 10, 2024 (GLOBE NEWSWIRE) -- As part of the broader WOO Ecosystem, which includes the WOOFi protocol, a leading decentralized exchange, and WOO X, a global centralized exchange, the WOO Innovation Hub is excited to announce a strategic partnership with SphereX, a cutting-edge decentralized exchange (DEX) known for redefining digital asset trading with its meme-focused order-book perpetual exchange. This collaboration aims to bring innovation and excitement to decentralized finance (DeFi) while making advanced trading tools accessible to a wider audience.

SphereX sets itself apart as one of the first decentralized exchange designed with meme culture at its core, catering to traders who enjoy the fast-paced world of crypto memes while maintaining serious trading functionalities. The platform combines the freedom of DeFi with an innovative order-book perpetual trading model, delivering high-performance, on-chain security and capital efficiency. With off-chain matching for rapid execution and on-chain settlement for secure trades, SphereX provides a fun yet professional environment for DeFi enthusiasts.

The cooperation between WOO Innovation Hub and SphereX is built on a shared vision to enhance DeFi accessibility and improve capital efficiency across chains. SphereX’s multi-chain launch marks just the beginning, with plans to expand its reach to even more blockchain networks, driving innovation and inclusivity in the DeFi landscape.

Abby Huang, WOO Innovation Hub Lead, said: "SphereX’s unique approach to combining the viral excitement of meme culture with professional-grade decentralized trading is something we’re excited to support. This collaboration allows WOO Innovation Hub to foster even more creativity in the DeFi space, while SphereX’s meme-driven order-book model adds a fresh layer of engagement and entertainment for our users."

SphereX stands out by addressing key issues in the current DeFi landscape, such as fragmentation and centralization, while making trading fun and engaging. Their order-book perpetual exchange, designed for meme traders, allows users to access cross-margin trading and enjoy seamless trade execution through off-chain matching. By adding an element of humor and creativity to high-stakes trading, SphereX creates a trading environment that is both inclusive and enjoyable.

Kai, SphereX CEO stated: "Collaborating with WOO Innovation Hub is a major milestone for SphereX as we continue to expand our vision of making decentralized trading not only fun and fast but also highly scalable. With WOO’s extensive ecosystem and their unwavering commitment to innovation, we’re excited to collaborate in reaching new audiences and transforming the way people engage with DeFi."

Contact Us: ecosystem@woo.network

About WOOFi
WOOFi is a leading decentralized exchange (DEX) with over $42B in cumulative trading volume and more than 250k monthly active users. It supports 11 blockchains and offers a diverse range of products, including earn vaults, simple swaps, cross-chain swaps, and perpetual futures. The native token of WOOFi, WOO, can be staked to share 80% of all protocol fees.

About SphereX
SphereX is a cutting-edge decentralized exchange (DEX) designed to make crypto trading accessible, secure, and user-friendly for everyone. By prioritizing decentralization, SphereX ensures that users have full control over their assets, with transparent and low-cost transactions. Committed to fostering a welcoming and inclusive community, SphereX embodies the spirit of Robin Hood, providing financial opportunities for all, especially those new to crypto trading or with limited resources. Join the SphereX community today and experience the future of decentralized finance.

Disclaimer

The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities. We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

The collaboration between WOO and SphereX highlighted in the content above does not indicate in any way that WOO provides, or will provide financial service. WOO does NOT endorse, guarantee or provide advice for any products or services of its business partners. This cooperation shall in no event be interpreted as an assurance or guarantee for the listing of any tokens, whether presently existing or to be generated in the future, on WOO X or any associated exchange platforms, nor does it imply any commitment from WOO X to list any tokens on its platforms or others. The decision to list any tokens is governed by and subject to a series of separate criteria and procedures, independent of this cooperation or business partnership.

Nothing in this article or any related content shall be construed to create or suggest the existence of a partnership, joint venture, agency relationship, or any form of legal association between WOO and SphereX. Each party is an independent entity, acting solely in its own capacity, and is responsible for its own actions, decisions, and associated risks. The collaboration mentioned does not imply any form of shared liability or financial obligation, and each party will bear its own risks and responsibilities. Furthermore, this article should not be interpreted as providing any guarantees regarding the outcome of any business ventures or collaborations mentioned, nor shall be an indication of guaranteed success or profitability for either WOOFi, WOO X or SphereX, or any of their business partners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f8cfa220-ad9d-4556-9ca9-beea094ae3d7

WOO Innovation Hub and SphereX Partner to Elevate Meme-Driven Decentralized Trading

The cooperation between WOO Innovation Hub and SphereX is built on a shared vision to enhance DeFi accessibility and improve capital efficiency across chains. SphereX’s multi-chain launch marks just the beginning, with plans to expand its reach to even more blockchain networks, driving innovation and inclusivity in the DeFi landscape.

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