The Litecoin Foundation today announced a "strategic partnership" with Cred, a licensed San Francisco-based crypto lending and borrowing company that has over $300 million in lending capital.
The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobble up as much as they can of the rest. As part of this trend, Kraken has now taken over the Australian platform Bit Trade in a bit to strengthen its foothold in the Asia Pacific region as well as grow its share of the OTC trading market.