Copy link
Increase text size
Decrease text size
Link copied

ShapeShift launches new non-custodial crypto management platform

Image Credit: ShapeShift Twitter

Tue, 09 Jul 2019, 03:51 am UTC

Digital asset exchange ShapeShift has launched on Monday its new non-custodial crypto management platform.

The new web-based crypto platform, which can be found at the domain Shapeshift.com, aims to provide services similar to custodians like Coinbase but without custody.

The crypto financial revolution will not be realized by a new set of custodial kings. You control your keys, you control your crypto. To us, this is not a slogan, but a mandate,” its press release stated.

Contrary to the old ShapeShift that only converts one asset to another, the latest platform now offers a true end-to-end solution to store, send, receive, trade, and trace several cryptocurrencies in a single place, with more than 50 digital assets supported including bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH).

In addition, using ShapeShift’s newly integrated digital management suite requires a connected hardware wallet, either KeepKey or Trezor, and Ledger soon. Its approach aims to remove counterparty risk and liquidity.

The new platform, which targets international retail audience, also boasts of a new app that is tethered to real-time market data using the Coincap API, providing users precise and updated pricing and historical data.

ShapeShift founder and CEO Erik Voorhees told CoinDesk that 20,000 users took part in the platform’s closed beta. He also added that a mobile app will be released soon as well as more assets and features, including lending markets, derivatives, and fiat options. The know-your-customer (KYC) protocol will be followed for trading.

To date, no other company has built a crypto platform that is non-custodial, enables native exchange, and supports dozen of digital assets on multiple chains, all available in a standard web browser,” the announcement noted.

Just recently, blockchain startup Blockstream announced that its mobile crypto wallet, Green Wallet, now supports the firm’s Liquid Network sidechain allowing users to store, buy, and receive Liquid Bitcoin (L-BTC) and Issued Assets on the Liquid sidechain.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,104.09 (-0.13%)
  • Ethereum (ETH) $142.03 (+0.02%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $207.26 (+0.21%)
  • Litecoin (LTC) $43.32 (-1.15%)
  • Bitcoin (BTC) $7,104.09 (-0.13%)
Dec 14, 2019 (Saturday)
05:44
Darknet marketplace Hydra launching an ICO on Dec.16 to fund its global expansion
Dec 13, 2019 (Friday)
12:50
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:49
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:25
Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)
11:24
Terra launches stablecoin-powered payments service in Mongolia
10:37
Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
10:22
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
08:55
SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
08:55
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
07:49
Twitter looks to blockchain to decentralize social media
07:03
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
06:22
ING bank developing custody project for digital assets: Report
06:18
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
05:28
Franklin Templeton leads blockchain-based social impact platform’s funding round
04:58
Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
04:44
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
04:33
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
04:33
Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
03:24
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
03:23
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft