Shutterstock
Main page News, Fintech, Wallet, Crypto Market, Cryptocurrency
Hot topic
April 2, 2020

Huobi's cryptocurrency exchange Huobi Wallet has entered into a partnership with Cred, a licensed lender in California, to offer lending and borrowing services to its clients across the Asian economic market.

According to an official announcement, Cred's services will be fully integrated into the Huobi Wallet, offering the wallet's users the ability to earn interest on crypto assets including bitcoin (EXANTE: Bitcoin) and ether (ETH), stablecoins like the universal dollar (UPUSD), and many more "upon rollout."

"We are so excited to partner with Cred as we share a mutual vision to make our services more accessible to the users. And I believe our partnership will be further enhanced with their team experience and achievements in compliance," Huobi Wallet CEO He Huang said.

Thanks to the partnership, users of Huobi Wallet will reportedly be able to lend their cryptocurrencies and receive monthly interest payments, with the option to roll over pledged assets for additional periods.

Huobi Launches Mobile Trading App

Previously iHodl reported that Coinbase Wallet also made it possible for its users to lend out crypto and earn interest on decentralized finance (DeFi) applications.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.