ShapeShift Completes $1.6M Funding Round

Next-Generation Digital Currency Exchange Reports 100x Growth in Volume Since Opening Last Summer; Round Led by Barry Silbert’s Digital Currency Group and Roger Ver, Participants Include World’s Largest Bitcoin Exchange and Prominent Angels

Switzerland (PRWEB) September 09, 2015, a next-generation, non-custodial, instant exchange service for Bitcoin and digital assets, today announced the completion of its funding round of $1.6 million USD. The round was led by Barry Silbert’s Digital Currency Group and Roger Ver, and included participation by leading exchange Bitfinex, Bitcoin Capital (Max Keiser and Simon Dixon), Mardal Investments, and top industry angels, including Bruce Fenton, Trevor Koverko and Michael Terpin.

Since its inception in August 2014, the cryptocurrency exchange led by CEO and Bitcoin industry pioneer Erik Voorhees has registered 100x growth, achieving over $2m USD-equivalent volume in July alone.

“ShapeShift demonstrated an entirely new way to think about asset exchange,” said Zane Tackett, Director of Community and Product Development at Bitfinex, “It’s like Google Translate for digital currencies. We’ve known Erik for a while now and he’s knocked it out of the park with this one. We’re very excited about the partnership.”

ShapeShift has positioned itself as the fastest way for humans and machines to

Read more ... source: Bitcoin Warrior