WOO X's designated market maker program will expand the spot market in January 2024

ChainCatcher news, the encrypted trading platform WOO X announced that it will expand its designated market maker (DMM) program to the spot market in January next year. WOO X aims to achieve a 100% custody ratio by the second quarter of 2024. WOO X stated that since the launch of the perpetual contract DMM model in August 2023, this model currently accounts for nearly 80% of all order trading volume in the perpetual futures market.