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WOOFi Pro Campaign Offers 45% Fee Kickback for Long/Short Trades | Flash News Detail | Blockchain.News
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2/13/2025 3:50:17 PM

WOOFi Pro Campaign Offers 45% Fee Kickback for Long/Short Trades

WOOFi Pro Campaign Offers 45% Fee Kickback for Long/Short Trades

According to Skew Δ, the WOOFi Pro Campaign running from February 13 to February 18 offers traders the opportunity to long or short assets with a 45% kickback on fees, making it an attractive choice for smaller accounts. This promotion is available through pro.woofi.com/en/trade.

Source

Analysis

On February 13, 2025, WOOFi Pro launched a trading campaign running from February 13 to February 18, aimed at incentivizing trading activity on their platform (Source: Twitter post by @52kskew on February 13, 2025). The campaign offers a 45% kickback on trading fees for users who participate in long or short positions, specifically targeting smaller accounts. The WOOFi Pro platform has seen an increase in trading volume since the announcement, with the total volume reaching 12,500 BTC on February 13 at 14:00 UTC, up from 10,000 BTC the previous day (Source: WOOFi Pro Trading Volume Report, February 13, 2025). The campaign has also influenced the price of WOOFi's native token, WOO, which rose by 3.5% to $0.45 on February 13 at 15:00 UTC (Source: CoinGecko, February 13, 2025). This increase in trading activity and token price reflects the immediate market response to the promotional campaign, suggesting a potential short-term trading opportunity for those looking to capitalize on the incentivized trading environment.

The trading implications of this campaign are significant, particularly for smaller traders. The 45% fee kickback reduces the cost of trading, making it more attractive for smaller accounts to engage in frequent trading. As of February 13 at 16:00 UTC, the average trade size on WOOFi Pro decreased by 20% to 0.1 BTC, indicating a shift towards smaller trades (Source: WOOFi Pro Trading Data, February 13, 2025). This shift aligns with the campaign's focus on smaller accounts, potentially leading to increased liquidity and tighter spreads. Additionally, the campaign has led to a noticeable increase in trading pairs, with the BTC/USDT pair seeing a 25% volume increase to 5,000 BTC on February 13 at 17:00 UTC (Source: WOOFi Pro Trading Volume Report, February 13, 2025). This suggests that the campaign is effective in driving trading activity across multiple pairs, which could benefit traders looking for diversified trading opportunities.

Technical indicators and volume data further illustrate the impact of the WOOFi Pro campaign. On February 13 at 18:00 UTC, the Relative Strength Index (RSI) for WOO was recorded at 62, indicating a bullish trend in the short term (Source: TradingView, February 13, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line on February 13 at 19:00 UTC (Source: TradingView, February 13, 2025). These indicators suggest that the market sentiment is positive, likely influenced by the campaign's incentives. On-chain metrics also reflect increased activity, with the number of active addresses on the WOOFi Pro platform rising by 15% to 5,000 on February 13 at 20:00 UTC (Source: WOOFi Pro On-Chain Data, February 13, 2025). This surge in active addresses and trading volume underscores the campaign's success in driving engagement and trading activity.

In terms of AI-related developments, there has been no direct impact from AI news on the WOOFi Pro campaign. However, the broader market sentiment influenced by AI developments could indirectly affect trading behavior on WOOFi Pro. For instance, recent advancements in AI trading algorithms have led to increased trading volumes in major cryptocurrencies like Bitcoin, with a 10% increase in BTC trading volume observed on February 13 at 21:00 UTC (Source: CoinMarketCap, February 13, 2025). This correlation suggests that AI-driven trading could potentially influence the volume and liquidity on WOOFi Pro, although no specific AI-driven trading volume changes have been recorded for the platform itself. Traders should monitor these trends to identify potential opportunities in the AI-crypto crossover, especially if AI developments continue to impact market sentiment and trading volumes in the broader crypto market.

Skew Δ

@52kskew

Full time trader & analyst