X10 Raises $6.5 Million for Hybrid Crypto Exchange
X10, a London, UK-based hybrid crypto exchange company, recently announced that it has raised $6.5 million in funding. The funding round included backers such as Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber fund, as well as prominent angels like executives from Revolut and Konstantin Lomashuk, the founder of Lido. This financial injection will be used to fuel the expansion of X10's operations and development efforts.
Founded by Ruslan Fakhrutdinov, who also serves as the CEO, X10 offers a hybrid crypto exchange that aims to bridge the gap between centralized exchanges and decentralized finance (DeFi) platforms.
By combining a centralized exchange experience with optimized settlement architecture, X10 enables users to engage in perpetual trading with enhanced latency and throughput. The company prioritizes the safety and transparency of customer funds by leveraging on-chain trade settlement, validation, and self-custody from DeFi exchanges.
The exchange boasts a variety of features, including multiple trading sub-accounts, advanced order types, partial liquidation logic, an advanced API, and a professional-grade SDK. Users can also access market and portfolio analytics, order book depth charts, funding rate histories, and secure wallet creation. X10 offers premier on- and off-ramping options through trusted global partners, as well as a customizable web interface. Additionally, the company is set to launch a mobile app and a Telegram bot in the near future, ensuring trading convenience on the go.
They've invested in X10
Get to know these Web 3 investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Tioga Capital | 1 investment(s) investment(s) | more info | |||
2 |  Semantic Ventures | 1 investment(s) investment(s) | more info | |||
3 |  Cherry Ventures | 3 investment(s) investment(s) | 15 contacts contacts | |||
4 |  Starkware | 1 investment(s) investment(s) | more info | |||
5 |  Cyber fund | 1 investment(s) investment(s) | more info |
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