Home Bitcoin Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management

Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management

11 min read

Shapeshift, the firm that permits merchants worldwide to alternate a whole bunch of cryptocurrency pairs launched its new crypto platform that now gives an built-in suite of digital asset administration in a noncustodial vogue. The agency believes the newest launch gives a real end-to-end answer that goals to bolster free market finance.

Also Read: Bitcoin Cash Scaling Benchmarks, Brewdog, and Rising Transaction Volume

Shapeshift Launches New Trading Engine and Self-Custody Solution

Launched in 2014, the Shapeshift platform has offered cryptocurrency customers with the skill to rapidly swap quite a lot of digital belongings in a safe setting. Not lengthy after the firm began, Shapeshift started to supply a whole bunch of buying and selling pairs. This week the agency has launched its new platform which may be discovered at the area Shapeshift.com. After leaving personal beta testing interval on Monday, the web-based crypto platform has an entire new look with a dashboard that exhibits present belongings and a tab that accesses the huge quantity of buying and selling pairs. Moreover, the largest development for the new Shapeshift is the end-to-end answer for storing, sending, receiving, buying and selling and monitoring the firm’s vast number of digital cash.

Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management
The newly launched Shapeshift platform may be discovered at the area Shapeshift.com.

Shapeshift permits individuals to commerce a few of the hottest cryptocurrencies like bitcoin cash (BCH) which just lately turned the second most useful blockchain by transaction quantity, in response to a latest research analysis performed by Ryan Research. You also can swap different well-known digital belongings like litecoin (LTC) and ethereum (ETH), alongside a wide array of lesser-known cash and ERC20 tokens. The newly built-in digital administration suite for Shapeshift offers you with the skill to merge with the buying and selling platform utilizing both a Keepkey or Trezor {hardware} pockets machine. According to the crew, there shall be extra strategies of key storage coming in the future. The new Shapeshift platform seeks to be a simple to make use of answer that competes in opposition to third-party options. Moreover, the new app is tethered to real-time market-data by way of the Coincap API for correct, up-to-date pricing and historic information.

Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management
Over 50 digital belongings are held on the buying and selling engine together with fashionable digital belongings like bitcoin cash (BCH). Shapeshift’s platform is noncustodial and linked with real-time market information by way of Coincap.io.

During the launch announcement, the firm defined that fairly than concentrating on institutional custody options Shapeshift aimed for a global retail viewers. Giving conventional on a regular basis crypto customers an built-in digital administration suite and the skill to swap cash in a noncustodial vogue has been Shapeshift’s most important driver. Since the inception of cryptocurrencies, centralized buying and selling platforms have been plagued with hacks and exit scams. Shapeshift’s newest product is concentrated on curbing this drawback by giving merchants the skill to commerce cash in a far safer method whereas additionally storing them in a single place.

“For too long the cryptocurrency space has been fractured, with price tracking, trading and holding taking place on dozens of separate apps and sites — With the new Shapeshift, it’s all finally under one roof,” stated Michael Perklin, Shapeshift’s chief info safety officer.

Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management
Shapeshift.com portfolio.

An Entire System Built Without Custodial Risk

Shapeshift founder and CEO Erik Voorhees stated the new platform has been in the works for fairly a while. “For over a year we’ve been preparing the next evolution of Shapeshift, a holistic crypto-platform for hodling, buying, selling, trading, tracking, and managing digital assets across multiple blockchains, all without custody.” Voorhees continued by including:

The new Shapeshift is arguably the world’s first non-centralized multi-chain digital asset platform — It turns into the foundation of self-sovereign finance and we’re immensely proud to deliver this to market.

Existing customers can try the new Shapeshift immediately and anybody can register to start out buying and selling over 50 digital belongings held on the alternate. Individuals ought to notice {that a} know-your-customer (KYC) verification is required to make use of the platform’s buying and selling engine.

Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management
Shapeshift customers should confirm their id with a view to swap cash utilizing the buying and selling platform.

Voorhees defined that the new Shapeshift is constructed “on years of technology and learning, to deliver an end-to-end non-custodial digital asset experience.” Before the platform opened to the normal public Vorhees revealed that roughly 20,000 customers examined the platform throughout the beta trial interval.

What do you concentrate on the new Shapeshift design and revamped platform? Let us know what you concentrate on this topic in the feedback part beneath.

Disclaimer: This editorial is meant for informational functions solely. Readers ought to do their very own due diligence earlier than taking any actions associated to the talked about firm or any of its associates or companies. Bitcoin.com or the writer is just not accountable, immediately or not directly, for any harm or losses brought about or alleged to be attributable to or in reference to the use of or reliance on any content material, items or companies talked about on this article.

Image credit: Shutterstock, Pixabay, and Shapeshift.com.

Want to create your personal safe chilly storage paper pockets? Check our tools part. You also can get pleasure from the easiest method to purchase Bitcoin on-line with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page the place you possibly can buy BCH and BTC securely.

Tags on this story
BCH, bitcoin cash, Coincap.io, Cryptocurrencies, Digital Asset Management, Digital Assets, Erik Voorhees, ETH, Ethereum, KYC, litecoin, LTC, Market Data, Michael Perklin, Noncustodial, safety, Security, Shapeshift, Swapping Coins, Traditional Crypto Investors

Jamie Redman

Jamie Redman is a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open supply code, and decentralized functions. Redman has written 1000’s of articles for information.Bitcoin.com about the disruptive protocols rising immediately.

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