CUBE review: Exchange raises $12M, launches new promo to attract high-volume traders
Cube, a hybrid cryptocurrency exchange, has raised $12 million in a Series A funding round, bringing its total valuation to approximately $100 million. The round was led by 6th Man Ventures, with backing from ParaFi Digital and GSR Markets. This follows a $9 million seed round in late 2023, positioning Cube as one of the more heavily funded emerging platforms in the crypto sector.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The exchange has gained traction with its hybrid architecture: order matching takes place off-chain for speed, while settlement is finalized on-chain for enhanced transparency. Users retain control of their assets through multi-party computation (MPC) wallets, thereby avoiding central-custody risks. Cube currently supports blockchain settlement on networks including Bitcoin, Ethereum, Solana, and Dogecoin.
Promotional campaign and expansion plans
To expand its user base, Cube has launched a global trading promotion offering over $30,000 in USDC rewards. The incentive targets high-volume traders on selected pairs. This initiative is part of a broader strategy to scale operations internationally. The company already holds a virtual asset service provider license in Poland and is preparing regulatory applications in additional jurisdictions.Cube’s leadership has also confirmed ongoing hiring, with its team growing beyond 25 employees. The firm is prioritizing compliance infrastructure and broader market access as it moves toward full product deployment.
Platform benefits for traders
Cube distinguishes itself with a non-custodial trading model that combines institutional-grade performance with decentralized security. By maintaining self-custody through MPC wallets and offering on-chain settlement, the platform aims to appeal to professional traders seeking transparency and control. The architecture reduces counterparty risks, especially relevant in the post-FTX regulatory climate.The platform supports a wide range of assets and pairs, and its infrastructure is optimized for algorithmic trading strategies and institutional flow. For a breakdown of trading commissions, see Cube spot trading fees explained.
- Forex
- Crypto