WARSAW, Poland, Nov. 4, 2022 /PRNewswire/ -- Recognizing Poland's role in the broader advancement and innovation of digital assets in the European Union, WOO Network has joined FinTech Poland Ecosystem with the aim of sharing key information about the innovative, safe and responsible crypto asset market in the country.
Poland has recently seen an increase in the number of people holding crypto wallets as many businesses start accepting cryptocurrencies 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 a million people or 2.8% of Poles have crypto wallets.
“The ecosystem here is very proactive in helping to develop the crypto and web3 ecosystem in general and we would like to be a part of those discussions, especially in driving 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 conducting joint initiatives, preparing market standards, conducting regulatory dialogues, and jointly identifying development barriers and opportunities. The initiative aims to accelerate community building through the organization of meetings, working groups and jointly organized seminars and conferences.
"Recently, the crypto asset market has developed very dynamically. Corporations and financial institutions around the world are increasingly interested in this asset class and the business opportunities offered by blockchain technology. In parallel, the Union Europe decided to become a world pioneer in the legal framework for crypto assets by creating the MiCA regulation.
Consequently, 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 invaluable in creating a competitive and innovative, but also safe and responsible crypto asset market in Poland," said Paweł Widawski, CEO of FinTech Poland.
"We are very excited to have WOO Network because its team comes from diverse backgrounds, and its founders have strong backgrounds in finance. This is very valuable to share with others and discuss the challenges in our fintech community," Widawski noted.
FinTech Poland is also a founding member of the European Digital Finance Association (EDFA), an independent non-profit industry body of 15 EU ecosystems representing thousands of members, all collaborating with legislators to ensure a thriving single market and the competitiveness of EU companies.
WOO X is a trading platform for professional traders, featuring fully customizable modules and low or zero fee trading complete with rich liquidity sourced from the WOO network, connecting traders, exchanges, institutions and DeFi platforms. The WOO token is used in the network's CeFi and DeFi products for staking and fee discounting. WOO Network was incubated by Kronos Research, a multi-strategy trading company that specializes in market making, arbitrage, CTA, and High Frequency Trading (HFT), averaging around $5-10 billion in daily trading volume. trading on global cryptocurrency exchanges.
The above content is not a recommendation for trading and investment strategies nor does it constitute an offer, solicitation or recommendation of any product or service. The content is for information exchange purposes only. Anyone who makes or changes the investment decision based on the content will bear the result or loss himself.
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