Hybrid cryptocurrency exchange X10 announced the completion of a $6.5 million financing round, with participation from investors such as TIOGA CAPITAL, SEMANTIC VENTURES, CHERRY VENTURES, STARKWARE and CYBER FUND. This round of financing also attracted support from well-known angel investors such as REVOLUT executives and LIDO founder KONSTANTIN LOMASHUK. X10 was founded by former REVOLUT crypto business head RUSLAN FAKHRUTDINOV, aiming to combine the advantages of centralized exchanges (CEFI) and decentralized finance (DEFI) to provide REVOLUT-like user experience and fund self-custody functions. The new funds will be used to develop a brand new crypto exchange to provide a high-quality user experience and fund self-custody.

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<p>TechFlow reported that hybrid cryptocurrency exchange X10 has completed a $6.5 million financing round. Investors include Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware and Cyber Fund, as well as well-known angel investors such as Revolut executives and Lido founder Konstantin Lomashuk. </p>
<p>X10 was founded by Ruslan Fakhrutdinov, former head of Revolut's crypto business, and aims to combine the advantages of centralized exchanges (CeFi) and decentralized finance (DeFi) to provide users with a Revolut-like experience and fund self-custody capabilities. The new financing will be used to build a new crypto exchange that provides a high-quality user experience while achieving fund self-custody. </p>
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Hybrid Crypto Exchange X10 Completes $6.5 Million in Funding, with Many Well-Known Investment Institutions Participating