According to PANews, hybrid cryptocurrency trading platform Cube.Exchange has raised $12 million in its Series A funding round. The round was led by 6th Man Ventures, with participation from GSR Markets, ParaFi Digital, Susquehanna Private Equity Investments, Everstake Capital, etc. This round of financing brings Cube's valuation to $100 million. Cube uses a hybrid model of off-chain order matching and on-chain settlement, allowing users to maintain asset ownership without having to transfer assets to exchange custody accounts. Cube currently supports native settlement of Bitcoin, Ethereum, Dogecoin, and Solana, and plans to support more first-layer networks in the future.