{"id":10352,"date":"2024-02-01T17:47:34","date_gmt":"2024-02-01T15:47:34","guid":{"rendered":"https:\/\/forklog.com\/en\/hybrid-crypto-exchange-cube-secures-12-million-at-100-million-valuation\/"},"modified":"2024-02-01T17:47:34","modified_gmt":"2024-02-01T15:47:34","slug":"hybrid-crypto-exchange-cube-secures-12-million-at-100-million-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hybrid-crypto-exchange-cube-secures-12-million-at-100-million-valuation\/","title":{"rendered":"Hybrid Crypto Exchange Cube Secures $12 Million at $100 Million Valuation"},"content":{"rendered":"

The hybrid crypto trading platform Cube.Exchange, operating in a limited access mode, has raised $12 million in a Series A funding round, reports The Block<\/a>.<\/p>\n

According to the publication’s source, the startup’s valuation has reached $100 million.<\/p>\n

The round was led by 6th Man Ventures. Among the investors are GSR Markets, ParaFi Digital, Susquehanna Private Equity Investments, and Everstake Capital.<\/p>\n

The capital raising structure included shares in the form of token warrants, similar to the $9 million seed funding stage, confirmed Cube CEO Bartosz Lipinski.<\/p>\n

He stated that the team was not actively seeking funds but responded to “significant interest” from investors in the project.<\/p>\n

\n

“We closed the entire round in less than a month,” Lipinski said.<\/p>\n<\/blockquote>\n

Since late November, the platform has opened early access to a limited number of users. Cube positions itself as an exchange that prevents client losses in the event of collapses similar to FTX.<\/p>\n

The exchange employs a hybrid mechanism with off-chain order matching and on-chain settlements. This allows traders to participate in trading on the platform without transferring assets to a deposit account.<\/p>\n

Cube’s storage, based on multiparty computation and with separate non-custodial wallets, provides users with full control over their funds. They can verify the presence of assets without a third-party audit.<\/p>\n

The exchange supports trading in Bitcoin, Ethereum, Dogecoin, and Solana. In the future, the platform will expand its offering of L1 blockchains, assured Lipinski.<\/p>\n

Earlier in 2023, venture investments in the crypto industry amounted to $10.7 billion, a 68% decrease from the previous year ($33.3 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"

The hybrid crypto trading platform Cube.Exchange, operating in a limited access mode, has raised $12 million in a Series A funding round, reports The Block. According to the publication’s source, the startup’s valuation has reached $100 million. The round was led by 6th Man Ventures. Among the investors are GSR Markets, ParaFi Digital, Susquehanna Private […]<\/p>\n","protected":false},"author":1,"featured_media":10351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133],"class_list":["post-10352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10352"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10351"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}