ShapeShift, a non-custodial cryptocurrency trading exchange, has added support for decentralized bitcoin (EXANTE: Bitcoin) trading based on THORChain. From now on, the exchange's clients will be able to trade unwrapped BTC with litecoin (LTC) and ether (ETH). The new feature will reportedly be available on the exchange in the coming weeks.
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Erik Voorhees, Founder and CEO of ShapeShift, says the new feature is a continuation of ShapeShift's commitment to offer "users an easy, self-custody platform for their decentralized trading needs."
"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 first time," Voorhees highlighted.
The THORChain technology works as a bridge between different blockchains at the protocol level. The integration of THORChain comes after ShapeShift announced reorganization of its business model. The exchange is no longer require its clients to pass Know Your Customer (KYC) identity verification as the platform integrated decentralized protocols for users to trade crypto.
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