Instant cryptocurrency exchange has launched beta version of the new service. Bitfract is a new step for forming diversified portfolios for experienced investors and newcomers alike. The obvious advantage is the ability to form multi-crypto portfolio avoiding multiple transactions and corresponding fees. The client pays only standard Shapeshift's transaction commission and recieves several coins in one go.
Shapeshift has long become one of the most popular exchanges on the account of its speed, convenience and versatility in working with cryptocurrencies. Integration into wallets has given the users ability to perform swaps between cryptos without first transferring funds to a centralized exchange, removing intermediaries and fees for multiple transactions. Bitfract is a logical step forward with the ability to switch between one base currency to several others in one go. The starting currencies right now include Bitcoin, Litecoin and Etherium.
While limited in functionality and base digital currencies right now, the service is still in beta and open for free for common user's usage. The utilization currently is marginal with only experienced traders who want to diversify their portfolios, but in time, Shapeshift is sure, the popularity will grow with more people refusing to put all the eggs in one basket, so to speak. The inclusion of Bitfract Labs with monitoring for each currency's historical graphs going back for years will surely help that.