What is Cube?
Cube Exchange distinguishes itself by offering a non-custodial cryptocurrency exchange that emphasizes on-chain settlement, a model designed to substantially reduce counterparty risk for its users. By enabling individuals to trade major cryptocurrencies while retaining direct control over their digital assets, Cube presents a compelling alternative to traditional exchanges that hold customer funds. This approach positions Cube as a key player in the evolving landscape of decentralized finance and secure digital asset management.
How much funding has Cube raised?
Cube has raised a total of $21M across 2 funding rounds:
Angel/Seed
$9M
Series A
$12M
Angel/Seed (2023): $9M with participation from Foundation Capital and Asymmetric Technologies
Series A (2024): $12M led by WWVentures, Third Kind Venture Capital, Foundation Capital, and 6th Man Ventures
Key Investors in Cube
WWVentures
WWVentures is an early-stage crypto investment fund supported by prominent figures in gaming, sports, and content creation, focusing on providing social capital to foster user and community growth within the Web3 ecosystem.
Third Kind Venture Capital
Third Kind Venture Capital is a venture capital firm specializing in early-stage investments across consumer internet, software, and financial services, headquartered in New York City.
Foundation Capital
Foundation Capital is a venture capital firm that partners with founders of category-defining technology companies, providing deep operational and strategic expertise from early stages through long-term growth.
What's next for Cube?
With the recent influx of major strategic investment, Cube is poised for significant expansion. The company's focus on reducing counterparty risk through non-custodial, on-chain settlement aligns with growing market demand for enhanced security and user control in cryptocurrency trading. Future developments are likely to center on scaling its platform infrastructure, expanding its trading offerings, and further solidifying its position as a trusted provider of secure digital asset exchange services. This strategic backing will be instrumental in navigating the complexities of the digital asset ecosystem and capturing a larger market share.
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