2,400% Surge in 2021 Volumes on CoinLoan

Source : beincrypto.com

https://s32659.pcdn.co/wp-content/uploads/2022/02/Image-from-iOS-7.jpg

CoinLoan, the only EU-regulated crypto services provider, announces its incredible annual growth that echoes the crypto market cap rising by 187.5% in 2021.

The company report mirrors a high demand for crypto products on the market, using its key business metrics. The major highlights are a 9x active userbase increase and a 2,409% surge in crypto exchange volumes, reached due to consistent implementation of new features and responsive improvement of the existing ones.

The following announcement from the company is the Visa Debit Crypto Card launch — it allows holders to make crypto and fiat payments worldwide and store and exchange assets.

CoinLoan aims to become a reliable crypto ecosystem compliant with European and international law by providing a variety of services in one place. At the moment, the following products are available:

  • Crypto wallet – deposited funds increase by 434%
  • Crypto savings accounts  – 1,718% growth in deposits
  • Crypto-backed loans – over 2,000% surge
  • Crypto exchange – 2,400% turnover rising

The critical business metrics growth during 2021 was due to the continuous platform improvement covering customers’ current needs. The company added eight new currencies to use as collateral for loans, swap on the crypto exchange, and earn interest by hodling them on the platform.

Major web and mobile app updates included financial reports features, new features for corporate clients, and transparency improvement.

Alex Faliushin, CEO of CoinLoan, said: “Our strong culture and values are the results of a business built on specialization, team spirit, integrity, and accountability. Our values shape how we conduct our business, provide services to our customers, interact with each other, and support our community. We put a strong emphasis on quality and security, scanning and crash-testing our system daily to make it stronger, and partnering with white-hat hackers to keep it ironclad.”

At the beginning of 2022, CoinLoan released a unique partial loan repayment feature and aims to add new coins, integrate tax services, implement margin trading, and upgrade existing features during the year. The future updates are high-demand for the userbase, and the company will continue improving to meet clients’ needs.

Have a look at the full CoinLoan 2021 Annual Report.

About CoinLoan

CoinLoan has been the only EU-regulated provider of crypto services known on the market since 2017. The company was one of the pioneers of crypto lending. The platform offers a wide range of products varying from loans backed by crypto, interest accounts, and a crypto exchange. In addition, the bank-level security and digital insurance on assets ensure the highest protection standard for corporate and individual clients. 

The company has high customer satisfaction and retention rate due to its loan and savings rates, transparent price policy, and a 24/7 helpful customer support team. CoinLoan is for those who want to securely store and manage their assets in one place, offering a variety of digital and fiat currencies, including the CoinLoan native token.

The company’s primary goal is to bring innovation to the market through state-of-the-art technology and provide a positive user experience by permanently improving the platform in response to user demand.

For more information, please visit our website

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Related topics

The opinion of BeInCrypto staff in a single voice.

Follow Author


Leave a Reply

Your email address will not be published. Required fields are marked *