Quote from: malevolent on August 12, 2019, 05:31:22 PM

Quote from: AdolfinWolf on August 12, 2019, 03:17:52 PM

Worse yet, analyzing their traffic it doesn't look like it hurt them that much. https://www.alexa.com/siteinfo/shapeshift.io - https://www.similarweb.com/website/shapeshift.io

Apparently it did hurt them (financially), forcing them to lay off a third of their employees:

https://medium.com/shapeshift-stories/overcoming-shapeshifts-crypto-winter-and-the-path-ahead-73f59bb8cf13

I don't see them going back on this.

Many altcoin prices declined 90-95% from their 2017-18 ATH so even if trading volumes remained steady, revenue would have declined by a similar percentage. Being an altcoin exchange (no /fiat, or /stablecoin pairs), Shapeshift would have been hit especially hard.

There was so much growth in 2017 that most exchanges were likely severely understaffed at the 2017 ATH and were understaffed for most of that year and even in the beginning of 2018.