Several major Bitcoin and cryptocurrency-related companies are coming forth with major announcements over the course of several days. Just yesterday, we reported how ShapeShift.io has developed a free HTML plugin allowing all online retailers to easily accept Bitcoin payments. Earlier today, they announced the addition of NXT to their exchange platform.
ShapeShift.io is becoming an ever increasing popular cryptocurrency exchange platform, and most of that can be attributed to their ease-of-use. One major issue a lot of people have with crypto-to-crypto exchanges is the fact you need to sign up for an account, verify that account and then log in each and every time to use the platform.
This is not the case when it comes to ShapeShift.io, as anyone can use their digital currency exchange platform without registering an account. All trades are executed instantly, regardless of which coins you are selling and buying. As you would come to expect, this is not an easy feat to accomplish, which is why ShapeShift.io does not just add any cryptocurrency to their platform.
When this article was written, 13 different cryptocurrencies are supported, with NXT being the latest addition to the platform. The other coins supported by the platform are Bitcoin, Litecoin, Darkcoin, Dogecoin, Blackcoin, Nubits, Quark, Reddcoin, Peercoin, Namecoin, BitcoinDark and Feathercoin. Quite a nice selection of coins, and NXT will be a very welcome addition to that list.
NXT is a digital currency which often gets overlooked in discussions. Even though it is far from a traditional cryptocurrency due to its 100% Proof-of-Stake phase, it has been sitting comfortably in the market cap top 10 for quite some time now. As of this writing, NXT has a market cap of US$17 million, with nearly 1 billion NXT in circulation.
It will be interesting to see whether or not NXT will prove to be a success for the Shapeshift.io platform given due time. What are your thoughts on the addition of NXT to the platform? Let us know in a comment below!