Armenian-based cryptocurrency portfolio tracker CoinStats has selected Cred as its exclusive lending and borrowing partner.
According to a press release published on April 22, CoinStats is partnering with Cred to offer clients borrowing and lending services. Cred’s features will be integrated into the CoinStats portfolio, which currently manages over $5 billion incrypto assets.
The release claims the new feature will offer clients the ability to earn interest on crypto assets, including bitcoin, ethereum and XRP.
Narek Gevorgyan, CEO and Founder of CoinStats, said of the partnership, “Our partnership with Cred perfectly aligns with our vision becoming the frontend for crypto. One platform where you can track, trade, and manage your cryptocurrency and with Cred, earn interest.”
Gevorgyan continued, saying integrating support for Cred was the first step in providing clients “one-click” crypto services.
According to the release, Cred offers interest rates 50% higher on average than the rest of the market.
Cred CEO Dan Schatt said partnering with CoinStats was in-line with the company’s goal to provide value to the blockchain community.
He continued, “While there are many crypto management tools out there, it is incredible to see a crypto portfolio with such depth, security, and resources as CoinStats. We look forward to supporting CoinStats and offering financial services to its users.”
CoinStats users will be able to lend their crypto assets through the new service and receive monthly interest payments, with no minimum requirement needed to get started.
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