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ShapeShift’s Road to Redemption Has Regulatory Hurdles

ShapeShift’s Road to Redemption Has Regulatory Hurdles
According to a press release today, ShapeShift is now utilizing decentralized exchanges to process orders.
“Now, ShapeShift’s customers will be able to trade directly with these external protocols, rather than trading with ShapeShift as an intermediary, for an easy and seamless user experience,” the release reads. “This change means that ShapeShift customers will no longer need to provide personally identifiable documentation to meet ‘Know Your Customer’ (KYC) regulatory requirements for trading, giving customers greater privacy, security and transparency over their order flow.”

We’re excited to announce the integration of decentralized exchange protocols, sunsetting our traditional business of trading with customers and KYC practices. 
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