Binance Teams Up Cred to Introduce Crypto Lending and Borrowing Services

The world’s largest crypto exchange Binance is further expanding its ecosystem. The platform has entered in a partnership with Cred, the leading platform for crypto lending and borrowing. This collaboration is aimed at boosting the decentralization of the financial system.

Under the agreement signed, Cred is going to migrate a portion of its ERC-20 LBA tokens to Binance’s proprietary blockchain, Binance Chain. As a result, the official lending and borrowing platform will become an official services provider within the decentralized financial world.

Binance is not only a partner of Cred but also its investor. It is also interested in the development and growth of Cred’s activities within the Binance ecosystem.

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