Switzerland-based crypto exchange ShapeShift has integrated a new self-custodian multi-blockchain wallet, which allows users to develop a web-based wallet for their cryptos.
Announced in a press release today, the popular crypto exchange stated that it has integrated a new wallet solution dubbed Portis, which will enable users to develop web-based wallets for their cryptos in seconds.
Erik Voorhes, founder, and CEO of ShapeShift noted that the move takes the exchange closer to its vision of developing a borderless, decentralized financial future for crypto enthusiasts, and hopes that integrating this new innovation with its existing services would make the firm’s vision more accessible.
With Portis, we can offer ShapeShift without hardware for the first time, providing the best way to hold easily, trade, and track your crypto, all without giving up your control to a third party.
The exchange further explained that gaining access to the Portis wallet solution would require users to visit the exchange’s official website and provide the email and password that is registered on the ShapeShift trading platform, thus integrating the newly created wallet with the exchange.
To this end, Users can gain access to the exchange’s end-to-end encryption architecture, which would give users full control over their private crypto keys. The wallets created can provide custody for a variety of cryptocurrencies, including Bitcoin (BTC), Ether (ETH), among others.
Commenting on the development, Portis co-founder and CEO, Tom Teman, expressed excitement as he believes the development would foster mainstream crypto adoption.
“ShapeShift’s vision matches ours perfectly, and we have exciting plans that will let us make the jump to the next level of mainstream user adoption,” Teman added.
The newly launched web-based wallet will join ShapeShift’s existing wallet solution, which includes, KeepKey and Trezor wallets.
Voorhes, as Coinfomania reported, had earlier slammed regulators’ efforts to impose Know-Your-Customers (KYC) requirements on crypto businesses as he believes it betrays the principles of user privacy.
Source: Coinfo mania