Cryptocurrency exchange WOO X has raised $9 million in its latest funding round. Participants include Wintermute, Selini Capital, Time Research, Presto Labs, Pulsar, AlphaLab Capital, Efficient Frontier, Amber, and Riverside Hedge. Woo stated that the company improved its business model in the third quarter of last year by collaborating with more liquidity providers in spot and perpetual futures markets, attempting to "get rid of the constraints of a single liquidity provider, Kronos Research."