ShapeShift introduces mandatory user registration

Verified
2 months ago
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A popular platform for the immediate exchange of bitcoin and other cryptocurrencies ShapeShift has announced the launch of a membership program for users, which, however, involves the collection of personal data.

The industry veteran ShapeShift has always been known for its business model, which does not require user registration. However, in the near future users are waiting for changes – registration, which is still voluntary, will soon become mandatory.

The initiative is positioned as a loyalty program and will offer users various advantages.

The list of advantages of the program includes more favorable terms of exchange, rewards for transactions with a FOX token, depending on the volume of transactions, and increased limits on the transaction.

The Head of ShapeShift said that the introduction of registration appeared also at the request of users who requested various functions related to accounts. He also stressed that ShapeShift will continue to be a non-custodian site and it will not store users funds.