Cube CEO says crypto trading should be as easy as Robinhood

For years, crypto exchanges person struggled to equilibrium idiosyncratic power with the velocity and liquidity of centralized trading.

Bartosz Lipinski, co-founder and CEO of Cube Group, believes the solution lies successful removing complexity altogether.

Cube was founded by Lipinski, a Solana halfway developer and erstwhile Citadel executive, on with CTO Larry Wu. It is simply a crypto speech that combines centralized commercialized execution with decentralized custody. It is built connected Solana infrastructure utilizing multi-party computation (MPC).

Related: Crypto Adoption Stalls arsenic User Interface Complexity Deters Mainstream Investors

Cube Group was acquired by Mercer Park Opportunities Corp. (TSX: SPAC.U), a Cayman Islands-based peculiar intent acquisition institution (SPAC), successful a deal valued astatine $300 million.

Cube Group’s exemplary blends decentralized information with centralized performance.

“We are mostly centralized, but with decentralized custody,” Lipinski said, explaining that the institution uses Solana-based infrastructure to administer power of users’ backstage keys done multi-party computation (MPC).

“We took Solana Validator Client and created a web that holds the shares of your cardinal erstwhile you motion up to the exchange, utilizing multi-party computation infrastructure that we built,” he said.

This setup allows users to support power of their assets straight from their wallets, adjacent portion executing trades done Cube’s centralized interface. Lipinski added that peer-to-peer (P2P) transactions are signed by traders themselves, ensuring ownership remains transparent on-chain.

• Meta's caller layoffs trigger large sell-off

• Bitcoin nears $98K aft ETF inflows deed 3-month high

• XRP surges arsenic Ripple lands large license

Although built connected Solana, Cube’s decentralized custody web is designed to enactment crossed aggregate blockchains. The strategy connects straight to networks similar Bitcoin, enabling cross-chain swaps betwixt autochthonal assets.

“When you commercialized a Solana token for Bitcoin, you really execute connected 2 antithetic networks,” Lipinski said.

Interoperability has been 1 of decentralized finance’s (DeFi) biggest symptom points, often requiring analyzable and risky bridges.

Cube’s attack aims to unify the trading acquisition without forcing users to surrender plus sovereignty.

“We ne'er effort to amended our users,” Lipinski told TheStreet Roundtable. “You should conscionable beryllium capable to unfastened the app conscionable similar Robinhood and conscionable commencement trading.”

Lipinski said Cube’s doctrine is to marque blockchain exertion invisible to the mean trader.