ShapeShift Now Permits Direct Trading Of Native BTC, ETH & LTC.

ShapeShift Now Permits Direct Trading Of Native BTC, ETH & LTC.

2021-04-13 | Robin Williams

ShapeShift Now Permits Direct Trading Of Native BTC, ETH & LTC.

ShapeShift – The renowned cryptocurrency exchange based in Switzerland, has revealed full integration with THORChain, permitting direct trading of native Bitcoin [BTC] with Ethereum [ETH] and Litecoin [LTC]. In line with an official update, today on Tuesday, ShapeShift’s mobile users have the power to form cross-chain swaps without the utilization of an intermediary, custodian, or counterparty of any kind. This capability is going to be extended to ShapeShift’s web-based platform within the coming weeks. Erik Voorhees, ShapeShift’s founder, and CEO, explained the importance of the THORChain integration:
“We believe finance must be open and immutable. The THORChain team has built technology that brings these properties to the trading of bitcoin and other leading chains for the primary time.”
THORChain integration is a “continuation of our commitment to offering users a simple, self-custody platform for their decentralized trading needs,” Voorhees outlined. A growing marketplace for cross-chain transfers has put THORChain on the map in recent months. RUNE, the protocol’s native cryptocurrency, has done a 9x since the year began. At a present price point of $11.40 USD, THORChain features a market capitalization of $2.6 Bln, placing it 49th among active crypto assets. As reported earlier, ShapeShift’s embrace of DEXs [Decentralized Exchanges], began earlier in January 2021 with the support of Uniswap, Balancer, Curve, Bankcor, Kuber, 0x, and mstable. Within the process, ShapeShift relieved users of burdensome KYC [Know Your Customer], requirements while offering better liquidity and pricing.

Leave a comment

Your email address will not be published. Required fields are marked *

Top 7 cryptocurrency overview

Best trading tool for cryptocurrency

2022 Top cryptocurrency Price Prediction List