Binance Partnering With Crypto Lending Firm Cred

Binance, one of the largest crypto exchanges in the world, is teaming up with Cred to offer cryptocurrency backed lending across its ecosystem; Cred allows its customers to both borrow money and earn interest on fiat currency and digital assets such as BTC, ETH and XRP; Cred is a licensed lender based in California and has secured over $300 million in lending capital; Cred will migrate a portion of its native “LBA” token to Binance’s blockchain network. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]