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Changelly Soars as ShapeShift Faces Turbulence: A Cryptocurrency Exchange Update

New Beginnings for Changelly

Changelly, the automated cryptocurrency exchange platform, opened its virtual doors to the public this past Tuesday—a bold move after a successful six-month beta period. With cryptocurrencies increasingly gaining traction, it seems like Changelly is quite literally taking off.

ShapeShift: A Rocky Landing

In stark contrast, ShapeShift experienced a serious setback over the weekend. CEO Erik Voorhees announced that the platform had been compromised, leading to major downtime.

“We made the decision to scrap (the damaged) infrastructure, and rebuild in a wholly new and safe environment. This is what we are currently engaged in.”

– Erik Voorhees, CEO ShapeShift.io

While Voorhees reassured users that no customer funds were lost, the move raised eyebrows. It looks like while some fly high, others are just trying to find their wings again.

Changelly’s User-Centric Approach

Changelly stands out with its user-friendly platform that places control back in the hands of the end users. With an API for developers, it effortlessly supports the conversion of various altcoins without the hassle of widgets or popups. This seamless experience is reminiscent of that friend who always shows up on time and knows how to mix a mean gin and tonic.

“The launch was timed to coincide with the 55th anniversary of Yuri Gagarin’s historic flight into space. We aim to inspire change on a global scale through the cryptocurrency community.”

– Janika Kouki, CMO Changelly

Rates That Sparkle

One of Changelly’s claims to fame is its ability to provide users with the most favorable exchange rates. The platform smartly scans current offers among various cryptocurrency exchanges, ensuring users get their money’s worth. With only a 0.5% commission on operations and no hidden fees, it’s like going to a yard sale and actually finding treasures instead of old VHS tapes and mismatched furniture.

A Future of Variety

Changelly is not just resting on its laurels. The platform supports a diverse range of cryptocurrencies and promises even more options as it develops. Once the conversion is complete, coins are sent directly to the user’s wallet—a no-nonsense, straightforward process.

“We were striving to make our cryptocurrency exchange as intuitive and efficient as possible.”

– Claude Lecomte, CEO Changelly

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