shapeshift.io today announced an enhancement to their pricing algorithm with the goal of providing users with better rates.
To take advantage of the superior rates, the user only needs to specify how much of the receiving asset she wishes to receive. The new rate is then calculated automatically and shown to the user.
“Our prior system wasn’t able to take into consideration the size of the user’s trade, so the price they received had a “safety buffer” that led to less competitive rates,” said CEO ShapeShift Erik Voorhees, “Now, if the user opts to tell ShapeShift how much digital currency will be traded, a significantly better exchange rate will be provided.”
The platform supports over 700 trading pairs on the exchange and, as part of this enhancement, they have introduced three new cryptocurrencies: Infinitecoin, Monacoin, and Vertcoin.
ShapeShift has been building strategic partnerships throughout the Bitcoin and blockchain industry, including Coinomi, Purse.io, and a new merchant processing agreement reached recently with CoinPayments.net.