ShapeShift.io formed in Summer 2014 to provide instant Bitcoin and altcoin conversion. The platform allows users to swap between 25 digital currencies and tokens and differs from traditional exchanges in that it operates without user accounts and requires no form of registration.ShapeShift, which began with Bitcoin and Litecoin exchanges, has since added over 25 additional altcoins and integrates several new cryptocurrencies every month, broadening the user market with each addition.The platform (available in both web and API flavors) represents the fastest, most efficient way to convert between coins within the Bitcoin ecosystem.The Swiss company has a strict “No Fiat” policy, meaning it does not use banks or political currencies anywhere in its operations.