Cred Update: Crypto Market and COVID-19 Concerns

Cred-COVID-19

To Our Valued Customers,

I hope this note finds you and your family well during this time of uncertainty and market volatility due to the global pandemic. Cred is prepared for extreme situations like the coronavirus (COVID-19) outbreak, including how it pertains to the services we provide for our customers and extended community. Cred’s business procedures address extreme circumstances such as COVID-19 and the measures that are being rapidly implemented.

We are proud of Cred’s preparation and ability to operate the business soundly, regardless of the market direction. Many members of our team have operated successfully through extreme volatility, dating back to the early 1990s. We are convinced now more than ever that Cred’s “All Weather” approach to risk management and deep understanding of capital markets will be of great help to our partners and customers.

Our procedures include monitoring our collateral and positions, implementing remote working capabilities, and ensuring that our business partners have similar continuity measures in place. As always, you will have full service and accessibility to the Cred platform, along with continued full engagement from our Customer Support team. We understand that there may be instances where customers find themselves facing financial difficulties. Cred is here to help and we encourage customers who may be impacted to reach out to discuss how we might be of assistance.

We look forward to continuing to work with you, support you, and grow the industry together. Please do not hesitate to reach out if we can be of assistance!

Kind Regards,
Dan Schatt, CEO

 

For additional information about COVID-19, visit the Centers for Disease Control and Prevention at cdc.gov.
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In need of immediate support? Email us at support@mycred.io or schedule a call to speak with one of our Private Client Associates here.


 

Disclaimer: CredEarn is the trade name for a service offered to non-US persons by Cred LLC, which is an entity distinct and separate from Cred (US) LLC. CredEarn allows you to extend a loan to Cred LLC. The purpose of the loan is to allow you to earn an enhanced yield on your crypto assets, such as Bitcoin. Cred LLC is not a bank and CredEarn services are not insured by the FDIC. CredBorrow and C-LOC™ are trade names for lending products of Cred (US) LLC, a licensed lender and a wholly-owned subsidiary of Cred LLC. Loans, loan amounts, terms, and rates are not available in every jurisdiction, or for every collateral type. The availability of rates, crypto types, loan amounts, and other terms are subject to change. Loan applicants are subject to AML and KYC screening. Terms, conditions, and restrictions apply. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO - 91480.