Mark Pimentel is the Co-Founder of Kronos Research & WOO Network, a deep liquidity network connecting traders, exchanges, institutions, and DeFi platforms with access to liquidity and trading execution. ^[1][2]

Education

Mark Pimentel attended Hunter College High School in New York City from 1996 to 2002. He completed a Bachelor's degree with two majors - Electrical & Computer Engineering and Business Administration and a Master's degree in Electrical & Computer Engineering in 3.5 years by taking on double the normal course load (2002-2006). ^[2]

Career

Mark Pimental began his career in June 2006 as a Quantitative Researcher at Citadel. In June 2008, he became the Vice President of Knight Capital Group. From October 2011, he was a Director at Eladian Partners until October 2012. ^[2]

He joined the Quantitative Research team for Radix Trading LLC in 2013 where he was involved in all areas of trading, research & development (C++). In November 2017, he was the Head of Trading at EverMarkets, a company that built a decentralized platform for trading stock, bond, and commodity futures on the blockchain. ^[2]

Kronos Research

Mark Pimentel and Jack Tan co-founded Kronos Research in June 2018, a quantitative trading organization focused on market creation, high-frequency trading (HFT), and arbitrage. With a daily trading volume of about US$5 billion across global markets, Kronos Research is a recognized trading organization worldwide. ^[4]

Additionally, Kronos Research serves as the sole market maker on the WOO X trading platform. It is also an authorized market maker for exchanges such as Binance, Huobi, and OKX, and plays a significant role as a market maker for the decentralized exchange dYdX. ^[3]

Mark Pimentel is primarily focused on developing HFT trading algorithms and providing guidance on the advancement of trading technology at Kronos Research. ^[4]

WOO Network

In September 2019, Kronos Research organization (owned by Mark Pimentel and Jack Tan) incubated WOO Network. WOO Network is a cryptocurrency liquidity network that bridges traders, exchanges, institutions, and DeFi platforms. ^[1][2]

The WOO Network splits most of its services between WOO X, a centralized exchange (CEX), and WOOFi, a decentralized exchange (DEX) and staking platform. WOO Network offers WOO Trade for institutional clients, allowing partner exchanges to integrate WOO Network's liquidity into their services via API.

When asked in an interview^[5] about the idea behind building a liquidity network, Mark responded:

"My partner and I Jack decided let's build Kronos Research, let's be one of the top traders in the space, connect to as many exchanges as possible, build a really strong trading team just so we could understand the cryptocurrency dynamic and landscape really well"

"Once we did that we started getting approached to create a system where these exchanges could come and trade with us."

"And so the idea of WOO Trade was born and the idea was that we would essentially create a platform such that initially we could have we could supply liquidity to many exchanges in a model that they could connect with our excess liquidity initially and later on with liquidity that we would supply to them" - Mark Pimentel ^[5]