ShapeShift Takes on 1Inch, Matcha and Becomes DEX Aggregator
WikiBit
|
2021-01-07T08:03:22
The Swiss cryptocurrency exchange ShapeShift has announced a newly revamped platform to integrate popular decentralized exchanges (DEXes).
The soon-to-be-launched trading service will aggregate order books from multiple decentralized exchanges (DEXes) in a single interface.
ShapeShift Begins Its DeFi Journey
As a DEX aggregator, ShapeShift will source market liquidity from several DEXes, offering users better token swap exchange rates than available on any single DEX.
The move puts the company in direct competition with other aggregators such as 1Inch and Matcha.
According to Voorhees, Shapeshift will integrate Uniswap, Balancer, Curve, Bancor, Kyber, 0x, mStable, and half a dozen other DEXse. The exchange will get paid a portion of the trading fees that each DEX charges.
In 2019, ShapeShift had first launched a non-custodial trading platform, allowing users to retain private keys to their funds. However, the platform did not find enough traction due to stringent KYC requirements.
However, the company says its revamped trading service will not require KYC from traders.
Article involves exchange
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matcha
Score3.78
Within 1 year | Suspicious Regulatory License | High potential risk
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No Regulatory -
ACE
Score3.03
Within 1 year | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
PAN,PANDA exchange
Score2.85
2-5 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
currency.com
Score6.45
2-5 years | Digital Currency License | Common Financial Service License
About More
General Registration -
AltCoinTrader
Score4.14
5-10 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
0x
Score3.48
2-5 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
Liquid
Score8.71
5-10 years | Digital Currency License | High potential risk
About More
Regulated -
TOK,TOK EXCHANGE
Score2.72
Within 1 year | Suspicious Regulatory License | Medium potential risk
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No Regulatory -
Bancor
Score3.68
Within 1 year | Suspicious Regulatory License | Medium potential risk
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No Regulatory -
澳联国际
Score3.17
Within 1 year | Common Financial Service License
About More
General Registration -
flyp.me
Score2.89
1-2 years | Suspicious Regulatory License | Medium potential risk
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No Regulatory -
ThoreExchange
Score2.5
2-5 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
Curve
Score3.87
1-2 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
ShapeShift
Score3.67
1-2 years | Suspicious Regulatory License | Medium potential risk
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No Regulatory -
EX
Score2.43
2-5 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
ShapeShift
Score3.44
2-5 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
multi
Score2.15
Within 1 year | Suspicious Regulatory License | Medium potential risk
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No Regulatory -
fintech
Score1.76
Within 1 year | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
kyber ,kyber network
Score4.02
2-5 years | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory -
ND,NEWDREAM EXCHANGE
Score2.3
Within 1 year | Suspicious Regulatory License | Medium potential risk
About More
No Regulatory
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