Should more exchanges take ShapeShift's lead? (Reporting via forgeforth_)
ShapeShift, a noncustodial crypto exchange and decentralized autonomous organization , has taken additional steps toward complete decentralization by migrating users to a new open-source application — a move the organization said would enhance user mobility.
The organization announced that as of Oct. 19, all native web users of the ShapeShift platform have migrated to a decentralized version of the application. The announcement also coincided with the release of a new mobile app that the organization said would provide an “authentic DeFi universe” experience. The new mobile app is said to provide users with additional flexibility, mobility and features when connecting their wallets and trading crypto.
As part of its decentralization efforts, ShapeShift has expanded user options for investing and managing digital assets. It has also pledged to permanently erase users’ data once the company’s centralized infrastructure is fully wound down.
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