Binance Partners With Libra Credit to Offer Crypto-Backed Loans

Cryptocurrency exchange giant Binance announced a partnership with decentralized global lending platform Libra Credit that will allow BNB holders to access fiat and cryptocurrency loans to borrowers that pledge Binance BNB tokens as collateral. Announced on July 27, 2018, the new partnership is intended to address to growing liquidity issue present within the cryptocurrency ecosystem, allowing users to collateralize their cryptocurrency holdings to establish loans when the Libra platform goes live in Q3 2018.

Libra Credit and @BinanceLabs have partnered to address the growing global demand for liquidity of #crypto! @binance @LuHua10 @dschatt You can read more details via @Medium #blockchain #fintech #LibraCredit #cryptocurrency

— Libra Credit (@LibraCredit) July 27, 2018 Binance and Libra Join Forces to Attack Lending Market The first wave of complex financial products and institutional capital is beginning to hit the cryptocurrency ecosystem, drawn by the launch of Bitcoin futures in

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