Edge users will now earn interest on their assets through Cred
Edge, a leading self-custody cryptocurrency exchange with approximately a million accounts, has announced that it has selected Cred as the provider of lending and borrowing services to its customers. Cred is the leading global crypto-backed lending and borrowing platform, serving customers in over 190 countries. Edge users can now earn up to 10% interest on their digital assets including Bitcoin, Litecoin, Ethereum, and more.
“We are proud to partner with Edge, a true pioneer in the crypto ecosystem”
“We’re excited to introduce our users to Cred, a company that shares our deep commitment to innovation, security, and risk management,” said Paul Puey, CEO, and Co-founder of Edge. “Cred stood out to us for many reasons — the caliber of its team, the strength of its legal and regulatory infrastructure, its capital markets competencies, a proven track record of delivering returns, and its scale. Edge users now have the benefit of earning interest on their crypto via a secure and licensed financial services platform.”
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Based in San Diego, California, Edge provides its users with the ability to buy, sell, trade, and now earn interest on digital assets, all in one self-custody application. Edge is a proven leader in the crypto industry and an early mover to establish a series of elite security features. Edge was the first to remove the requirement of private key backup in a self-custody app, first to create One Touch 2FA simplifying the usage of two-factor authentication, and first to invent a password recovery method for encrypted data. Edge is also a founding member of the Foundation for Interwallet Operability (FIO), a consortium of leading wallets, exchanges, and crypto payment processors supporting the FIO Protocol.
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“We are proud to partner with Edge, a true pioneer in the crypto ecosystem,” said Dan Schatt, CEO and Co-Founder of Cred. “While there are many wallets and exchanges on the market, it is rare to see a self custody solution as advanced as Edge. We look forward to supporting Edge’s continued growth and enabling Edge customers to lend and borrow in a secure manner.”
Edge customers can commit to a fixed term with the ability to auto-enroll for subsequent periods. No account minimum is needed, interest is paid out on a monthly basis, and the crypto pledged or loaned to Cred by the customer is returned at the end of the term.
