Original: Libra Credit

Binance Labs, the investment arm of the popular exchange, Binance, revealed this week that it has invested in Libra Credit (LBA), a decentralized digital asset financial services platform.

According to the announcement, the partnership¬†aims to address the “growing global demand for liquidity of crypto assets based on the Ethereum blockchain.” Libra Credit’s platform works to¬†lend fiat and crypto denominated assets to users who pledge their¬†cryptocurrencies, which now includes Binance¬†Coin (BNB).

In a statement accompanying the announcement, Ella Zhang, the Head of Binance Labs, shares her confidence in the Libra Credit team.

The Libra Credit founding team has a wealth of experience and resources in financial services and payment solutions. They are committed to make long lasting impacts in the industry.

Libra Credit recently completed a $26.4 million ICO while BNB is currently ranked 1st out of all exchange tokens, according to the AltDex Exchange Token Index.

More: Binance Labs and Libra Credit Partner to Address Growing Global Demand for Liquidity of Crypto Assets
Similar: Crypto Loan Startup Nexo Offers to Acquire Remaining Assets of SALT

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.



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