DEX Wins Another Round? Veteran CEX ShapeShift Will Transform into Decentralized Exchange

Yesterday, ShapeShift, a veteran exchange established for over 6 years, announced its full embrace of DeFi, integrating decentralized protocols and abandoning its KYC requirements that began in 2018. This move was well-received by the community. Currently, the decentralized protocol-based ShapeShift only supports Ethereum and ERC20 token trading, with plans to enable trading of other mainstream coins in the future. ShapeShift's old version is still running but will be retired soon.