November 20, 2019 ShapeShift eliminates trading fees for FOX token holders.

ShapeShift, a non-custodial exchange, will release a membership token, FOX, to all current platform users, allowing them to trade commission free so long as they hold the tokens. The change is meant to encourage ‘normal crypto users’ to use a non-custodial model; unlike Coinbase and Binance, ShapeShift users must hold their own funds and private keys. Erik Voorhees, ShapeShift’s CEO, anticipates the change will produce a 30% increase in trading accounts.