Edge Chooses Cred for Crypto Financial Services Offering
Summary
SAN DIEGO--(BUSINESS WIRE)--Edge, a leading self-custody cryptocurrency exchange with approximately a million accounts, has announced today that it has selected Cred as the provider of lending and borrowing services to its customers. “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 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. What originally started as a bitcoin wallet and business directory under the company name of “Airbitz”, has transformed into a full-fledged security platform aimed at empowering individuals to take control of their own cryptocurrency and data.