WOO X is a global centralized crypto futures and spot trading platform offering best-in-class liquidity and price execution. WOO X has an average daily volume exceeding $600 million and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company's mission to maintain the trust of its growing community of traders.
What is WOO X?
WOO X, launched in August 2021 by WOO Network, is a centralized cryptocurrency exchange designed for professional and retail traders, offering low-fee trading, deep liquidity, and innovative features like social trading. Registered in the Seychelles and incubated by Kronos Research, a quantitative trading firm generating $5–10 billion in daily volume, WOO X serves over 150,000 users globally, with a daily trading volume exceeding $600 million. The platform supports over 470 spot and futures markets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and the native WOO token, which provides fee discounts and staking benefits.
WOO X stands out for its liquidity, achieved through partnerships with top market makers like Kronos Research and aggregation of depth from larger exchanges. It pioneered the Payment for Order Flow (PFOF) model in crypto, ensuring competitive pricing and execution with zero maker fees and taker fees as low as 0% for users staking 1,800 WOO tokens. The platform offers spot trading, margin trading with up to 10x leverage, and perpetual futures with up to 100x leverage, alongside unique features like copy trading and CounterTrade, allowing users to follow or bet against skilled traders. Its George AI tool, developed with Kaito, analyzes real-time market sentiment to optimize strategies, while index perpetual contracts (e.g., meme coins, layer-2 tokens) provide exposure to trending sectors.
Security and transparency are core strengths, with WOO X introducing an industry-first live Proof of Reserves & Liabilities Dashboard, using Merkle Tree proofs to verify 100% reserve ratios in real-time. Funds are held in cold storage with custodians like BitGo, and the platform employs two-factor authentication (2FA), anti-phishing codes, and AML compliance. However, WOO X restricts services in jurisdictions like the U.S., Canada, and Japan due to regulatory constraints, and its 2023 suspension of services in Poland, Israel, and Hong Kong raised concerns.
User reviews praise its low fees and liquidity but note occasional app lag and limited fiat on-ramps, relying on third-party providers. Recent X posts highlight its social trading success, new listings, and staking perks, but some users question its long-term reliability given regulatory challenges. For traders seeking professional-grade tools, transparency, and cost efficiency, WOO X is a top contender, though its centralized nature and regional restrictions require careful consideration.
What are the trading fees on WOO X?
WOO X offers one of the most competitive fee structures in the industry. Spot trading has 0% maker fees by default and taker fees starting at 0.05%, reducible to 0% for users staking 1,800 WOO tokens or achieving higher VIP tiers based on trading volume. Futures trading fees start at 0.02% for makers and 0.05% for takers, with similar staking discounts. Deposits are free, but withdrawal fees vary by coin (e.g., 0.0004 BTC for Bitcoin, 0.001 ETH for Ethereum). Third-party fiat deposit fees may apply. Users should check WOO X’s fee schedule for precise rates.
Does WOO X offer leverage trading?
Yes, WOO X offers leverage trading through its margin and futures platforms. Margin trading supports up to 10x leverage on spot pairs, while perpetual futures markets offer up to 100x leverage on pairs like BTC/USDT and ETH/USDT. High leverage increases risk, with potential for liquidation, and is unavailable in restricted regions like the U.S. Traders should use risk management tools like stop-loss orders to mitigate losses.
