Concept and architecture
Cube Exchange launched with a clear identity - fast execution without compromising custody. Owners don’t hold user assets directly. Instead, assets stay in non-custodial MPC vaults, protected by a Guardian Council of trusted validators ensuring fund safety. Think fast-trading tech fused with self-custody design.
Activity levels and reach
Launched in late 2023 from Australia, Cube supports around 61 assets across 61 markets. Recent volume clocks in near $4 million per day, totaling over $120 million in 30-day activity. That modest span places it mid-tier - active, but not dominant.
Experience and tools
Trade UI is slick - fast charts, deep order entry, Pro mode, API access. No clunky toggles, just responsive design. The mobile app keeps up, with simplicity baked in. Cube balances speed with custodial control, aiming for institutional clarity.
Governance and credibility
Cube isn’t anonymous. It’s backed by serious capital - $12 million in Series A funding (Feb 2024) on a ~$100 million valuation, plus $9 million in earlier rounds. Founded by veterans from finance and Solana, its structure includes audits (by Hacken) and a Guardian Council powered by the Solana Foundation and other validators. It’s built to resist misuse and collapse - think exit scams or FTX-style failures.
Snapshot View
| Parameter | Status |
|---|---|
| Launch | 2023 - Australia-based hybrid CEX |
| Assets / Markets | ~61 assets - 61 trading pairs |
| Trading volume | ~$4 million in 24h; ~$120 million over 30 days |
| Custody model | Non-custodial via MPC vaults + Guardian Council |
| Security layers | Hacken audit (2025) - Guardian layer - MPC tech |
| Team & funding | Ex-Citadel engineers; $21M raised |
| UX focus | Fast - clean - pro-grade interfaces with wallet control |
Final notes
Cube Exchange feels like crypto’s answer to combining Amazon-level UX with Fort Knox custody. It’s mid-tier in volume now, but packs credibility, tech depth, and payments infrastructure that most CEXs can’t claim.
For users demanding speed and peace of mind over sheer scale, this is worth watching.