The mixed encryption exchange X10 has completed a $6.5 million financing round, with participation from Tioga Capital and others

ChainCatcher news, the hybrid cryptocurrency exchange X10 has announced the completion of a $6.5 million financing round, with investors including Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund, as well as notable angel investors such as executives from Revolut 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 users with a Revolut-like experience and self-custody of funds. The new funding will be used to build a brand new cryptocurrency exchange that achieves self-custody of funds while providing a high-quality user experience.