Colorado-based non-custodial exchange ShapeShift is now integrating with decentralized exchanges (DEXs) to avoid know-your-customer (KYC) regulations. Erik Voorhees is an American entrepreneur who founded bitcoin startup Coinapult and ShapeShift. He was also a co-founder of the gambling website SatoshiDICE, which sold for $11.5 million in July 2013. The crypto exchange platform made the announcement on Wednesday. The integration of DEX protocols is intended to provide a safer and more private user experience for its customers. Ethereum and ERC20 assets are available as of today for decentralized trading through ShapeShift’s interface. Native bitcoin (native BTC) will be added in Q1 2021, says Voorhees. The system is designed by ShapeShift to trade through DEX protocols and earn FOX Tokens on every trade. "Over the past year, decentralized exchanges—which are software protocols for individuals to trade without a central intermediary—have grown in popularity. They give users unprecedented auditability and control over their digital assets, offer generally lower fees and reduce counterparty risk.” Voorhees said he expects the market cap of cryptocurrencies to increase from $1 trillion to $5 trillion, or about 50 million crypto users to 250 million. Unlike Coinbase, Binance, and other prominent exchanges, ShapeShift does not own custody on their users' wallets. The privacy-centric Voorhees has taken a standoffish approach to regulations before finally adopting KYC policies in 2018. In November 2020, ShapeShift delisted three coins affiliated with private transactions—Dash, Monero and Zcash—as a way of de-risking the company from a regulation standpoint, but now they are dropping KYC requirements entirely.