ShapeShift Improves Price Quote Model for Crypto Trades

Crypto brokerage service ShapeShift has announced the upgrading of its price quotation model for traders.

The site allows traders to trade any of the 34 Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term against each other, effectively enabling over 750 different pairings.

The Switzerland-based platform is not order book-driven, rather a brokerage service.

It is strictly no-fiat, operating entirely with cryptocurrency. Although traded volumes are miniscule when compared with many other Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and altcoin exchanges, its niche transaction model can find favor with some traders looking for a different experience.

Traders do not deposit any funds for custodianship with the broker. They instead lock in a quoted price, provide a receiving address and deposit the cryptocurrency they are looking to dispose of.

ShapeShift CEO and crypto entrepreneur Erik Voorhees described the change as follows:

"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. Now, if the user opts to tell ShapeShift how much digital currency will be traded, a significantly better exchange rate will be provided."

The startup has reportedly also been forging strategic partnerships throughout the industry, including with Coinomi and Purse.io.