Trubit, a Latin American-based cryptocurrency exchange with Mexico and Argentina regulatory licenses, offers users in the region a decentralized financial harvest product (DEFI) activated by Crypto Lender Morpho.
Catering a growing demand for crypto lending supported, this transition through retail exchanges is about creating an easy way for users to socialize with decentralized, automatic lending and borrowing, a so-called “defi mullet” (Fintech in front end, defi behind).
Morpho’s Trubit partnership follows Defi Lending Protocol’s announcement earlier this year with Coinbaseto offer bitcoin-supported loans.
“We think the front and defi fintech on the back is really Defi’s way,” Morpho co-founder Merlin Egalite said in an interview. “If you look at the Defi landscape today is a bit nerdy and technical. The integration of Defi with FinTech companies provides a less complex and more familiar user experience.”
