Switzerland based Crypto Asset Exchange ShapeShift has launched a new Non-Custodial Crypto Platform. The firm aims to offer services similar to custodians like Coinbase but without custody.
The non-custodial crypto platform will offer a true end-to-end solution to store, send, receive, trade, and trace several cryptocurrencies in a single place. More than 50 digital assets including bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH) will support it. In addition, using ShapeShift’s newly integrated digital management suite requires a connected hardware wallet, either KeepKey or Trezor, and Ledger. The company’s approach seeks to eliminate counterparty risk.
CEO Erik Voorhees says the new ShapeShift is working on the initiative for over a year now said. He further added the noncustodial nature of the platform helps it eliminate security risks.