WWVentures Invests in Cube.Exchange $12 Million Series A

Published on:
Apr 1, 2024
Written by:
WWVentures
Read time:
2 min read
Category:
Announcement

WWVentures, is proud to announce its participation in the $12 million Series A fundraise of Cube.Exchange, an innovative hybrid digital asset trading platform set to redefine the industry.

This latest funding milestone follows Cube.Exchange’s successful $9 million seed round and reflects a rapid period of growth for the platform.

Cube.Exchange distinguishes itself with its hybrid model, combining off-chain order matching and on-chain settlement. This innovative approach allows users to retain ownership of their assets, eliminating the need for exchange custodial accounts and providing a more secure and transparent trading environment. Cube’s multi-party computation vaults settle to Bitcoin, Ethereum, Dogecoin, and Solana, with plans to expand to more Layer 1 networks.

Cube.Exchange’s also features notable user rewards. The platform has been engaging its users with reward programs, distributing a reward pool of over $250,000 worth of $BONK tokens and offering a substantial $GECKO token reward pool. WWVentures sees this as a key strategy in enhancing user experience and loyalty, making Cube.Exchange a more attractive platform for traders.

With the new funding Cube.Exchange is set to expand its team and extend its global footprint by obtaining licenses in additional jurisdictions. Currently holding licenses in Poland and Canada and meeting the requirements for spot trading in Australia, Cube.Exchange is strategically positioning itself for global influence in the crypto market.

About WWVentures
WWVentures is a boutique VC fund backed by some of the biggest gamers, athletes, and content creators in the world. We invest in early-stage web3/crypto companies with a community-first approach and provide our portfolio projects with social capital and community-building support.

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DISCLAIMER: Content in this article does not constitute financial advice. Cryptocurrencies are volatile assets. Always do your own research and invest at your own risk

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