ShapeShift has become the latest major cryptocurrency trading platform to support Global Digital Finance (GDF) in its efforts to regulate the digital finance industry.
GDF is an industry body that aims to promote the adoption of best practices for crypto, digital assets and electronic payment services. It develops conduct standards and regulations with the support of industry participants, policy-makers and regulators across the world.
Headquartered in Switzerland, Shapeshift has put its name on the list next to crypto wallet Coinbase, ConsenSys (which funds Decrypt), crypto exchange Huobi, data provider Messari and blockchain consortium R3.
As a member of the advisory council, ShapeShift will work with the GDF community in the ongoing development of a code of conduct and code registration program for the cryptocurrency and digital payments industry.
Erik Voorhees, CEO of the cryptocurrency exchange service, said, “ShapeShift is excited to be partnering with GDF; an organization working to bring about mainstream adoption in the digital currency space by clearing regulatory uncertainty and obstacles.”
He added, “We look forward to contributing to the future leadership of GDF through our position on the Advisory Council.”
As well as joining the GDF Advisory Council, ShapeShift has also signed the GDF Registry. This means it’ll adopt GDF’s code of conduct, which has set industry objectives such as keeping markets efficient, creating greater protection for investors and increasing liquidity across the industry.