Trubit, an exchange of cryptocurrency based in Latin America with regulatory licenses in Mexico and Argentina, offers users of the region a decentralized finance (DEFI) the product powered by the morpho cryptographic lender.
Responding to an increasing demand for loans supported by Crypto, this decision of retail exchanges consists in creating an easy way for users to interact with decentralized loans and automated loans, a so-called “Defi Mullet” (Fintech at the front, DEFI at the rear).
Morpho’s Trubit partnership follows the announcement of the loan protocol DEFI earlier this year with Coinbase, to offer bitcoin -supported loans.
“We believe that fintech at the front and disfu at the back is really the way Defi will evolve,” said the co-founder of Morpho, Merlin Egalite in an interview. “If you are looking at the DEFI landscape at the moment, it is still very cheesy and technical. The integration of DEFI into Fintech companies offers a less heavy and more familiar user experience. ”
