SotN #29: Adapting to Regulation | Erik Voorhees
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In this episode we chat with a crypto OG on Shapeshift's new DEX Aggregator, Regulation, Deplatforming, and the Bull Market.
Listen to Episode 29 of State of the Nation!
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📺 State of the Nation #29: ShapeShift’s DEX Aggregator | Erik Voorhees
January 13th, 2020
Erik Voorhees is the CEO of ShapeShift, a company offering exchange and trading infrastructure, but doesn't act like a typical exchange!
ShapeShift used to be a place where anyone could atomically trade asset-for-asset.
You would set up a trade between two different assets like BTC and ETH. ShapeShift would give you a BTC address to send the BTC to, and you would give ShapeShift an Ethereum address for them to return ETH to you. ShapeShift never required you to 'deposit' your money, and never held onto users' funds!
It was a very popular product back in 2016 and 2017, yet the company decided to implement KYC requirements, in a move to protect the company from legal liability.
But now, it looks like ShapeShift found a way to remove those KYC requirements without legal risk. And that’s by becoming a DEX aggregator!
We discuss this pivot with Erik, as well as a few other topics as well:
- Crypto regulations in 2021
- The new crypto bull cycle
Tune in to this week's State of the Nation!
- Explore Shapeshift’s new DEX aggregator
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