When you buy BTC, buy SOL, or trade any of 1,420+ tokens on Cube, the order hits a central limit order book secured by MPC custody. Every resting order is visible before you execute. There is no internal matching, no hidden counterparty, and no spread markup.
The matching engine uses implied matching to check multiple books simultaneously. An ETH/BTC order also routes through ETH/USDC and BTC/USDC, pulling liquidity from all three to find the best fill. Most exchanges fragment depth across isolated pairs, which costs traders 40 to 60 percent of available liquidity. Cube consolidates it.
Execution happens from co-located servers in TY11 Tokyo, SK2 Stockholm, and PIT1 Pittsburgh at 200 microseconds. Market Price Protection caps slippage automatically if the price moves between submission and fill. For longer strategies, built-in TWAP and DCA execute from your non-custodial vault without manual intervention.