RATE Group | ShapeShift Acquires Tool that Insta-Swaps Bitcoin into Dozens of other Cryptos
38189
post-template-default,single,single-post,postid-38189,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

ShapeShift Acquires Tool that Insta-Swaps Bitcoin into Dozens of other Cryptos

09 Aug ShapeShift Acquires Tool that Insta-Swaps Bitcoin into Dozens of other Cryptos

Posted at 06:38h in Cryptocurrency News by

[ad_1]


shapeshift cryptocurrency exchange

Swiss-based trading platform ShapeShift AG has announced the acquisition of Bitfract, a software firm that allows users to swap bitcoin into dozens of digital assets in one transaction.

According to the company’s post, the Bitfract tool is poised as a game changer that simplifies the buying process by allowing investors rebalance their cryptocurrency portfolios in quick and easy steps.

Erik Voorhees, founder and CEO of ShapeShift said he was impressed by the Bitfract team and their execution in creating a tool ShapeShift was planning on building itself.

“The Bitfract team made expert use of ShapeShift’s open API to build a product that we ourselves were planning to build,” Voorhees remarked. “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.”

With the Bitfract tool, users will be able to gain exposure to a diversified portfolio of digital…

[ad_2]

Source link

Tags:
, , , , , ,