DANNY
4 min readJun 23, 2023

Introducing CUBE: The Hybrid Crypto Exchange Redefining Settlements

Introduction:

The world of cryptocurrency exchanges has witnessed rapid growth and innovation, but it hasn’t been without its challenges. In the wake of recent exchange crashes, such as the one experienced by FTX, a team of forward-thinking individuals came together to reimagine the exchange landscape. Their vision gave birth to CUBE, a revolutionary hybrid crypto exchange that combines decentralization and centralization, focusing particularly on transforming the settlement process.

The Hybrid Approach:

CUBE sets itself apart by blending the best of both worlds: decentralization and centralization. While some exchanges are purely centralized or decentralized, CUBE integrates the strengths of both models to offer users a unique trading experience.

  • Centralized Components: The centralization aspect of CUBE lies in its frontend, matching engine, and connectivity to fiat currencies. These elements have been carefully designed to ensure smooth user interactions, seamless order matching, and efficient fiat integration. The team recognizes that centralized components have their merits, such as enhanced connectivity and speed, which are crucial for a seamless trading experience.
  • Decentralized Settlements: Inspired by the need for more secure and transparent settlements, the CUBE team chose to decentralize this critical aspect. Unlike traditional exchanges where custody resides with the platform, CUBE leverages the power of MPC (Multi-Party Computation) wallets for settlement operations. In MPC, the keys are distributed among a group of guardians, ensuring that custody is not concentrated within the exchange. This approach enhances security, reduces the risk of hacks, and gives users greater control over their assets.

CUBE exchange was built by a Team that understands very well the need for speed, transparency and innovation. This is why the foundation for CUBE is rested upon X,Y,Z dimensions, let’s take a look at the exciting innovations being developed on CUBE

Unleashing the Power of MPC Wallets:
Cube places a strong emphasis on the utilization of MPC wallets to safeguard users’ assets. Unlike traditional exchanges, where custody is centralized, Cube employs an innovative approach with MPC wallets. In this system, private keys are distributed among multiple guardians, ensuring decentralized custody and eliminating single points of failure. With Cube’s MPC wallets, you can rest assured that your crypto assets are stored securely on the blockchain, providing enhanced transparency, immutability, and control.

Enhanced Asset Control:
Cube’s
adoption of MPC wallets amplifies your control over your crypto assets. By utilizing this technology, Cube eliminates the need for traditional custodians, allowing you to maintain full ownership and control over your digital holdings. With your crypto assets always on-chain, you have direct visibility and can independently verify your holdings, mitigating the risk of third-party mismanagement. Cube puts the power in your hands, empowering you to take charge of your financial future.

Unparalleled Trading Speed:
Cube
is committed to delivering an exceptional trading experience, combining the advantages of centralized and decentralized exchanges. While centralized components like the frontend and matching engine ensure rapid trade execution and seamless connectivity with traditional financial system. Cube’s settlement process remains decentralized, operating through MPC wallets. This unique blend of speed and decentralization allows for efficient trade execution while preserving the integrity and security of your assets. By incorporating the speed and efficiency of centralized exchanges, Cube delivers trading experience that meets the demands of even the most active traders

N/B Cube exchange is 40X faster than other centralized exchanges and matches the performance of traditional Finance

Transparency and Trust:
Transparency is a core principle of Cube. With MPC wallets and on-chain storage, users can trace their transactions and verify the integrity of the settlement process. Cube’s commitment to transparency fosters trust between users and the platform, ensuring a secure trading environment where everyone can participate with confidence. By harnessing the power of blockchain technology, Cube sets new standards for transparency in the crypto trading space.

A Platform for Innovation:
Cube aims to be more than just a trading platform; it strives to be a catalyst for innovation. By providing external connections and APIs, Cube invites developers and entrepreneurs to join its ecosystem and build tools and applications on top of its infrastructure. This extensibility fosters collaboration, enabling the creation of unique trading tools, analytics platforms, and other services that enhance the overall user experience. Cube empowers developers and users alike, driving innovation and growth within the crypto community. This also means you can build your bots and trading algos on CUBE

Conclusion:
Cube’s introduction of MPC wallets represents a paradigm shift in the crypto trading landscape. By leveraging this technology, Cube enhances the security, control, and transparency of your crypto assets. With unparalleled trading speed, user empowerment, and an ecosystem for innovation, Cube is poised to become a leader in the crypto exchange space. Stay tuned for the launch of Cube, where you can trade with confidence, knowing that your assets are always on-chain and under your control.

WAIT LIST COMING SOON…….

DANNY

Ex-Genius II External Dev Advocate Solana Foundation II Bringing decentralization to Africa through Solana Education II CAT IRL