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§ Private Profile · Chicago, IL, USA
Hybrid crypto trading platform offering centralized exchange speed with non-custodial MPC wallet custody for digital asset traders.
Based in Melbourne, Australia, Cube Exchange operates a hybrid cryptocurrency trading platform that combines centralized matching engine speeds with non-custodial multi-party computation wallet custody. The platform utilizes global data centers to deliver trade execution latencies of 200 microseconds while allowing retail and institutional users to retain full control of their digital asset private keys. To support its ongoing operations and regulatory compliance efforts, the company has raised $22 million in total venture capital funding, reaching a $100 million valuation following its $12 million Series A round. This financial backing was provided by a syndicate of prominent institutional investors that includes GSR, Susquehanna, Foundation Capital, and Flowdesk. To further mitigate platform trading risks, the organization recently introduced a third-party fund oversight system called the Guardian Council. Cube Exchange was founded in 2023 by chief executive officer Bartosz Lipinski.
Cube Exchange has raised $21.0M across 2 funding rounds.
Cube Exchange has raised $21.0M in total across 2 funding rounds.
Cube Exchange has raised $21.0M in total across 2 funding rounds.
Cube Exchange's investors include Mike Dudas, Andrew Keys, Georgios Vlachos, Keone Hon, Ray Chan, Robbie Ferguson, Stan Miroshnik, Tang Hongbo, Everstake Capital, Foundation Capital, GSR, ParaFi Capital.
Cube Exchange is a hybrid digital asset trading platform that fuses the high-speed performance of traditional finance (TradFi) with Web3 security, enabling non-custodial trading via Multi-Party Computation (MPC) vaults.[1][2][3] It builds a central limit order book (CLOB) exchange layer for rapid order matching and a separate CubeNet settlement layer for cross-chain blockchain processing, serving retail and institutional traders who seek institutional-grade speed without relinquishing asset custody.[1][3][6] This solves key pain points of centralized exchanges (CEXs) like custody risks and decentralized exchanges (DEXs) like slow execution, with growth evidenced by $22M raised across seed and Series A rounds, operations in 4 countries, and an imminent spot exchange launch.[3][4][7]
Founded in 2023, Cube Exchange emerged from the expertise of its core team, including CEO Bartosz Lipinski, who previously co-founded Solana-focused venture studio B+J Studios (raising $10M for projects like Cupcake and Raindrops) and contributed to Solana Labs' early DeFi protocols, wallets, and NFT standards.[3] CTO Larry Wu, architect of the platform, brings high-frequency trading experience from DRW and DeFi/NFT work at Solana Labs.[3] The idea stemmed from the team's vision to create a regulatory-compliant venue blending TradFi efficiency with blockchain ownership, addressing founder risk and custody issues in crypto trading; early traction includes $9M seed in Oct 2023 and $12M Series A in Feb 2024 at a $100M valuation.[2][3][4][7]
Cube rides the trend toward hybrid CeDeFi (centralized-decentralized finance) models, capitalizing on post-FTX demands for secure, high-performance crypto infrastructure amid rising institutional adoption of Solana and multi-chain ecosystems.[1][2][3] Timing aligns with maturing MPC tech and L2 scaling solutions, favoring Cube's architecture against pure CEX custody vulnerabilities and DEX latency; market forces like regulatory scrutiny and Web3 liquidity fragmentation boost its compliant, non-custodial appeal.[2][3][6] It influences the ecosystem by pioneering user-owned trading, fostering confidence via TradFi-grade tools on blockchains like Solana, and partnering strategically to expand accessible, efficient markets.[1][3]
Cube's imminent spot launch and expansions position it for rapid scaling in CeDeFi, leveraging MPC advancements and Solana's speed to capture share from lagging CEXs/DEXs amid growing on-chain institutional flows.[1][3][6] Trends like real-world asset tokenization and AI-driven trading will amplify its hybrid edge, potentially evolving Cube into a dominant multi-chain hub with enhanced compliance tools. As crypto confidence rebuilds, Cube's founder-led innovations could redefine secure trading, inspiring broader adoption one trade at a time.[1][3]
Cube Exchange has raised $21.0M across 2 funding rounds. Most recently, it raised $12.0M Cube Group - Series A in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 5, 2024 | $12M Series A | Mike Dudas | Andrew Keys, Georgios Vlachos, Keone HON, RAY Chan, Robbie Ferguson, Stan Miroshnik, Tang Hongbo, Everstake Capital, Foundation Capital, GSR, ParaFi Capital, Susquehanna Private Equity Investments | Announced |
| Oct 1, 2023 | $9M Seed | — | Amity Ventures, Asymmetric, Awesome People Ventures, Color Capital, Darling Ventures, Freestyle Capital, Interlace Ventures, Kepler Operator’s Fund, Pantera Capital, Ethan Beard, Leore Avidar | Announced |