ShapeShift buys solution for fast bitcoin exchange

Posted 09 August, 2018

Shapeshift, the fast crypto exchange service has reportedly bought Bitfract to boost its business performance.

Texas-based development company Bitfract created an instrument that can exchange bitcoin 10 coins per transaction via their API. This solution attracted Shapeshift which focuses on fast crypto exchanges. With the new instrument, the players can easily create a crypto portfolio, without a need for numerous deals.

"This demonstrated a great alignment of strategy and thinking, and their execution was so exceptional that we wanted to bring their talented team and technology on board," according to the company CEO. 

With the Bitfract solution, investors can reportedly set the required amount of funds to be allocated in any particular coin (in percentage), and then make a transfer to the corresponding address just over one bitcoin-transaction.

Such service is said to be welcomed by the players which strive to save time and optimize transaction costs while creating a crypto portfolio. In addition, it lowers the need for using centralized platforms in part.

Earlier, ShapeShift acquired hardware wallet KeepKey.

Previous story

09 August, 2018 15:37

← Thai companies interested in new licensing

The approval of the new licensing system in Thailand has entailed a boom in applications for ICO and crypto exchanges permissions. Rapee Sucharitakul, the secretary-general of the Thailand Securities and Exchange Commission (SEC) said that about 50 companies are striving to pass certification for ICO and 20 trading platforms have applied for crypto business licenses by now under new licensing system.

Thai companies interested in new licensing

Next story

09 August, 2018 11:49

Binance gets into scrape with CyClean project →

Blockchain company CyClean from South Korea faced a scandal of a possible agreement with Binance. The project ICO ends on August 31. It is suspected that the company misinformed users about upcoming listing on the Binance exchange. And such move is supposed to be connected with their intentions to lure investors for their ICO.

Binance gets into scrape with CyClean project
Write a comment
 
Prove you’re not a bot + 5 = 22