Share this article
Binance Partners With Crypto Lending and Borrowing Firm Cred
Binance exchange is teaming up with Cred to offer cryptocurrency lending and borrowing services across its ecosystem.
Updated Sep 13, 2021, 9:15 a.m. Published May 30, 2019, 1:30 p.m.
Binance exchange is teaming up with Cred to offer cryptocurrency lending and borrowing services across its ecosystem.
As part of the arrangement, California-based Cred will migrate a portion of its native "LBA" token to Binance’s blockchain network, Binance Chain, according to an announcement Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Binance chief growth officer Ted Lin said that as Binance Chain has a “one-second block time,” it will help Cred scale its operations to more markets and users, and ensure transactions are “fast, efficient and effortless.”
Cred offers two services: “Borrow” and “Earn,” according to information from its website. The former allows users to borrow fiat currencies with cryptocurrencies as collateral, while the latter offers interest rates on deposited cryptocurrencies and fiat currencies.
The firm is backed by investors including Binance Labs and Arrington XRP Capital, and claims to have already secured over $300 million in lending capital, according to the announcement.
Earlier this year, Cred also formed an alliance with cryptocurrency exchange Bittrex and four other blockchain firms, to launch a euro-pegged stablecoin called the “universal euro.” The stablecoin can also potentially offer holders an annual rate of return if deposited with Cred, the group said at the time.
The addition is the latest new offering from Binance. Last week, the exchange confirmed that it will be launching a margin trading service in the near future.
It's also recently launched its decentralized exchange, set up a fiat-to-crypto exchange in Singapore and unveiled a new platform in Australia that allows users to buy bitcoin with cash from newsagents.
Correction: This article previously indicated Binance is to offer lending and borrowing through the partnership. This was not correct and has been amended.
Binance image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
