According to Foresight News, X10, a hybrid cryptocurrency exchange founded by former Revolut crypto head Ruslan Fakhrutdinov, has successfully raised $6.5 million in funding. The investment round saw participation from Tioga Capital, Semantic Ventures, Cherry Ventures, StarkWare, Cyber Fund, and angel investors including Lido founder Konstantin Lomashuk and executives from Revolut.
The newly acquired funds will be used by X10 to establish a novel cryptocurrency exchange. This platform aims to combine a user experience similar to that of Revolut with self-custody of funds. This unique approach is expected to revolutionize the way users interact with cryptocurrency exchanges, providing them with greater control over their assets while maintaining a user-friendly interface.