New Pricing System on ShapeShift.io
ShapeShift AG, the world's fastest digital asset exchange, today released a new pricing algorithm. The update enables better rates across over 700 trading pairs on the exchange.
Leading digital assets such as Bitcoin, Ripple, Litecoin, Dash, Dogecoin, BitShares, NXT, and Counterparty can be traded instantly and securely at much better rates since the update. Three new cryptocurrencies: Infinitecoin, Monacoin, and Vertcoin, were also included in this release for the first time.
To take advantage of the superior rates, the user only needs to specify how much of the receiving asset she wishes to receive. The new rate is then calculated automatically and shown to the user.
“Our prior system wasn't able to take into consideration the size of the user's trade, so the price they received had a “safety buffer” that led to less competitive rates,” said CEO ShapeShift Erik Voorhees, “Now, if the user opts to tell ShapeShift how much digital currency will be traded, a significantly better exchange rate will be provided.”
ShapeShift's trading platform re-imagined how an exchange should work, forgoing traditional user accounts and deposit delays. This makes ShapeShift not only far faster for trading, but also substantially improves consumer protection, as funds are not at risk and the exchange itself is much less vulnerable to hackers.
ShapeShift has been building strategic partnerships throughout the Bitcoin and blockchain industry, including Coinomi, Purse.io, and a new merchant processing agreement reached recently with CoinPayments.net.
The platform now supports over 750 active trading pairs, more than any other digital currency exchange in the industry.
Related News
What’s new this week with cryptocurrency? It seems like virtual finance just can’t escape the spotlight, and no matter where you look, there’s always something going on. ShapeShift found itself in the spotlight this week, experiencing a hot wallet hack. Things started out ugly when the digital currency exchange ShapeShift experienced a hot wallet theft that caused a temporary closure of its website’s current trading system. Cyber-attacks are nothing new when it comes to bitcoin, but ShapeShift is now claiming the hack came by way of an insider.
Cryptocurrency exchange platform ShapeShift.io recently added NXT - a 100% POS cryptocurrency with a market cap of around $17 million. Offering users the ease of converting between multitudes of cryptocurrencies without requiring an account, ShapeShift is now attributing the same liquidity to NXT - a step which brings this digital currency a little towards user and merchant adoption. Over time, NXT developers have offered industry with a range of new and innovative features, the 'Monetary System' being one among them. ShapeShift, who itself is considered very selective when it comes to....
ShapeShift.io, an instant Bitcoin and altcoin exchange service, has partnered with CoinPayments.net, a cryptocurrency checkout system for merchants, through the integration of the ShapeShift API. The integration powers CoinPayment's platform to allow merchants to receive various cryptocurrencies and automatically trade them for their digital asset of choice. About CoinPayments. CoinPayments provides an easy to integrate checkout system for cryptocurrencies such as Bitcoin and Litecoin with low fees. The website has a community of over 12,000 merchants in 140 countries. Integrate with your....
CCN received the following press release this morning from ShapeShift.io: SWITZERLAND, April 1, 2015 - ShapeShift.io has integrated Winklecoin (WNK), into its instant exchange platform. Customers anywhere in the world can now buy or sell WNK instantly with Bitcoin or over two dozen other leading cryptocurrencies with ShapeShift.io. Winklecoin, masterminded by Olympic rowers and internet entrepreneurs Cameron and Tyler Winklevoss, is now available for exchange in increments of two.
ShapeShift.io, is an instant online cryptocurrency exchange that provides instant currency exchange between many cryptocurrencies without having to open an account. This Thursday, ShapeShift.io announced it was integrating Counterparty (XCP), along with Moner (XMR) into its platform. Customers anywhere in the world will now be able to buy or sell XCP or XMR instantly with Bitcoin or over two dozen of other cryptocurrencies with the ShapeShift.io exchange platform. ShapeShift.io, was launched in August 2014, and in less than a year it has become a market leader. Shapeshift.io is now the....