Coinbase Lists EOS, Binance Partners with Crypto lending platform Cred
Major US-based Cryptocurrency exchange Coinbase has announced that it will be listing EOS on its platform.
EOS will be available to investors across many countries except the United Kingdom and the city of New York. Coinbase users can send, receive and trade EOS on both iOS and Android-based applications.
EOS is launching at https://t.co/iQARfi557o and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell, convert, send, receive, or store EOS. We will update when EOS is fully live. https://t.co/sh8XmE1Wit
— Coinbase (@coinbase) May 30, 2019
Coinbase delayed the listing EOS for some reason even though it was part of the 30 tokens that it was exploring, the San Francisco based exchange has added over 15 coins in the past nine months including XRP.
EOS has performed really well this year increasing over 128% in the past three months, it recently overtook Litecoin (LTC) to occupy the 5th position on Coinmarketcap. EOS is currently trading at $7.93 down over 2% in the past day.
Binance Partners with Cred
World’s largest Cryptocurrency exchange by volume Binance recently announced its partnership with Crypto lending platform Cred. As a part of the partnership, Cred will move a portion of its native LBA tokens to Binance chain. The San Francisco based startup has already received funding from Binance, 500 startups and Arrington XRP capital among others.
Cred allows users to borrow fiat over Crypto and lend Cryptocurrencies to receive interest in Crypto or fiat currencies. It claims to have processed over $300 Million in lending capital after partnering with several custodians and organizations in the Crypto space.
Binance is also launching margin trading features on its platform. According to CMC, Binance Coin (BNB) is the 7th largest Cryptocurrency with a market cap of $4.6 Billion. BNB is currently trading at $32.91 down over 2% in the past day.
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