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ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme

Published 11/20/2019, 01:38 PM
Updated 11/20/2019, 03:21 PM
ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme

Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the newly released FOX token.

According to the executive, zero-fee trading solves two major problems of non-custodial exchanges — illiquidity and high price of services.

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