Switzerland based blockchain asset exchange platform ShapeShift has secures $10.4m in Series A financing led by Earlybird Venture Capital. ShapeShift.io is a digital asset exchange platform that enables users to trade any major blockchain asset with another.
The company will use the capital to expand the engineering team and to release new products in 2017. Formed in August of 2014, ShapeShift is a web and API platform that provides instant Bitcoin and altcoin conversion withmconsumer protection and efficiency. Users do not have to create accounts, deposit funds, or provide private personal information, this keeping the users safe from identity or financial theft. The company does not use banks or political currencies anywhere in its operations.