Apr 30, 2024
X10, a hybrid crypto exchange, has raised $6.5 million in a recent funding round led by Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund. The round also saw participation from angels, including executives from Revolut and Konstantin Lomashuk, founder of Lido. This funding will be used to expand X10's operations and enhance its development efforts.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
X10 | Apr 30, 2024 | $6.5M | Seed | $6.5M | Tioga Capital | DEX |
Founded and led by CEO Ruslan Fakhrutdinov, X10 combines the user-friendly experience of centralized exchanges with the security and transparency of decentralized finance (DeFi). The platform's hybrid model and advanced settlement architecture allow users to perform perpetual trading in DeFi, improving both liquidity and user experience.
X10 offers features such as multiple trading sub-accounts, a variety of advanced order types, partial liquidation logic, an advanced API, and a professional-grade SDK. Additionally, the exchange provides a customizable web interface, advanced market and portfolio analytics, order book depth charts, funding rate and open interest histories, and streamlined wallet creation with social accounts. X10 also offers premier on- and off-ramping options through trusted global partners, along with trading convenience via an upcoming mobile app and Telegram bot.
CEO Ruslan Fakhrutdinov commented on the funding news, stating, "With X10, we aim to give our users the best of both worlds. Imagine the features and speed of Coinbase or Binance but with full self-custody. The FTX situation, where users only got back a third of their funds, serves as a wake-up call for the industry. It urges us to reinforce trust and efficiency in crypto trading through on-chain trade settlement, validation, and self-custody."
About X10:
X10 is a hybrid crypto exchange that integrates the benefits of centralized exchanges with the security and transparency of decentralized finance. By offering on-chain trade settlement, validation, and self-custody, X10 ensures the safety of customer funds while providing a seamless trading experience. The platform's advanced features and robust architecture make it a leading choice for traders seeking both efficiency and trust in the crypto trading space.
Website: https://x10.exchange/
Twitter Account: @x10_exchange
Twitter Followers Today: 1,920
Investor Profile:
Investor: Tioga Capital
Description: Tioga Capital is an investment firm that focuses on backing innovative technology companies. With a strong emphasis on blockchain and cryptocurrency projects, Tioga Capital aims to support the next generation of financial technology.
Location: United States
Website: https://tioga.capital/
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