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COIN TOKYO(コイン東京)
11/10/2018 02:01
Release： 11/10/2018 02:01
Update： 04/08/2021 02:35
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Latest news and速報 of virtual currencies
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Decentralized lending platform CRED adds Ripple (XRP) support, expanding credit line to approximately 33 billion yen

As the third collateral option

CRED, a blockchain startup founded in 2018 by a former PayPal executive, is a cryptocurrency-backed lending platform. Through the “Crypto Line of Credit (C-LOC),” it offers loans collateralized by cryptocurrencies in several countries at single-digit interest rates. With C-LOC, crypto holders can deposit cryptocurrencies (Bitcoin, Ethereum, Ripple) as collateral for loans. When the loan is repaid, the cryptocurrency is returned.

Dan Schatt, co-founder of CRED, commented on adding XRP as a collateral option as follows;

“We are pleased to provide XRP holders with the same low interest rates and convenient liquidity services as ETH and BTC holders. We will continue to support partners who integrate the CRED platform for the benefit of users.”


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■ Important Matters and Risk Warnings Regarding Investment Products 【Financial Instruments Business Operator】
GogoJungle Inc.
Registration: Director-General of the Kanto Local Finance Bureau (Financial Instruments Business) No. 1960
【Member Association】
Japan Investment Advisers Association
【Fees and Expenses】
The use of software, e-books, investment advisory services, etc., provided on our platform involves purchase prices determined for each product.
Additionally, when conducting actual financial instrument transactions (such as FX or CFD trading), costs such as transaction fees and spreads (the difference between the sell and buy price) may be incurred through the connected brokerage firms.
【Margin and Risk of Loss】
Transactions such as FX (Foreign Exchange Margin Trading) and CFD (Contract for Difference) allow for trading in amounts exceeding the deposited margin.
Therefore, due to sudden fluctuations in target indices (currency, commodity prices, etc.), there is a risk of incurring losses that exceed the deposited margin (loss exceeding principal).
Furthermore, financial instrument transactions involve risks such as price fluctuations, which may result in losses falling below or exceeding the initial investment principal.
【Nature of Services and Trading Entity】
The Company operates a platform (marketplace) providing investment software and information; we do not engage in the buying, selling, mediation, brokerage, or agency of financial instruments on behalf of customers.
The services and information provided are intended as reference for investment decisions and do not guarantee future profits or specific results.
While some services include investment advice, they do not constitute a mandate or solicitation to trade specific financial instruments.
Final investment decisions and the execution of trades must be made at the customer’s own risk and discretion.
GogoJungle Inc.
Registration: Director-General of the Kanto Local Finance Bureau (Financial Instruments Business) No. 1960
Member Association: Japan Investment Advisers Association GogoJungle Inc.
Registration: Director-General of the Kanto Local Finance Bureau (Financial Instruments Business) No. 1960
Member Association: Japan Investment Advisers Association
Financial Services Agency Japan Investment Advisers Association Financial Instruments Mediation Assistance Center Securities and Exchange Surveillance Commission

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