Home Bitcoin News ShapeShift Launches Decentralized, Native Bitcoin Trading Through Integration with THORChain

ShapeShift Launches Decentralized, Native Bitcoin Trading Through Integration with THORChain

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The corporate is the primary main model in cryptocurrency to supply customers decentralized, cross-blockchain buying and selling entry (with out KYC)

DENVER, April 13, 2021 /PRNewswire/ — ShapeShift, a world, non-custodial cryptocurrency chief, as we speak introduced their decentralized alternate cell platform is now totally built-in with THORChain, enabling customers for the primary time to commerce native (unwrapped) bitcoin with litecoin and ethereum. The aptitude is anticipated to be out there on their net platform within the coming weeks.

ShapeShift Logo (PRNewsfoto/ShapeShift)

ShapeShift Emblem (PRNewsfoto/ShapeShift)

“We consider finance should be open and immutable. The THORChain workforce has constructed expertise that brings these properties to the buying and selling of bitcoin and different main chains for the primary time,” mentioned Erik Voorhees, Founder and CEO of ShapeShift. “We noticed the facility of this expertise and needed to deliver it to our customers instantly. It is a continuation of our dedication to supply customers a simple, self-custody platform for his or her decentralized buying and selling wants.”

THORChain solves the issue of cross-chain buying and selling by constructing environment friendly, bi-directional bridges between blockchains on the protocol stage in a permissionless, non-custodial method. ShapeShift, which announced decentralized exchange trading for ETH and ERC-20 belongings in January, has now expanded, and can proceed to develop, their decentralized alternate (DEX) belongings out there for commerce via this integration with the THORChain liquidity platform. Bitcoin and cryptocurrency lovers can take part extra freely, securely and privately in buying and selling with different cash whereas increasing their choices on this planet of decentralized finance—utilizing one user-friendly and incentivized platform. Solely ShapeShift DEX customers, together with these making trades by way of the brand new THORChain integration, can earn FOX Tokens with each commerce—qualifying them for Rainfall awards (free USDC rewarded to random ShapeShift customers every time somebody trades on the platform).

THORChain, based in 2018, is a community-led mission devoted to enabling the decentralized alternate of belongings throughout blockchains in a non-custodial method. “The workforce noticed a possibility to offer a ‘public good’ community that might clear up a weak level within the cryptocurrency ecosystem: decentralized, cross-chain exchanging,” mentioned THORChain’s lead engineer. Their workforce is basically pseudonymous, as is usually seen within the trade for safety, privateness and mission integrity causes (as exemplified by Bitcoin’s founder, Satoshi Nakamoto). Their code is at all times open supply and out there on Gitlab.

About ShapeShift
Since 2014, ShapeShift has been pioneering self-custody for digital asset buying and selling. The corporate’s net and cell platforms enable customers all over the world to securely purchase, maintain, commerce and work together with digital asset platforms akin to Bitcoin and Ethereum.

Be taught extra at ShapeShift.com.

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SOURCE ShapeShift


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