Report on CoinLoan Performance in November
Disclaimer: The text below is a press release that was not written by Cryptonews.com
CoinLoan published its second report in 2021, showing all the key metrics growing in November. The information provided in the report includes essential indicators: user, profit, and asset growth. Crucial business metrics not only increased but hit an all-time high (the exchange, loan, and interest functionalities profits) and more than doubled (wallet deposits growth, asset exchange volume, and the issued loans number.) CoinLoan’s user base also increased and continues to expand.
The company highlights two main reasons for setting the record in November 2021 – new platform features and marketing activities. As for the platform improvement, adding Cardano and implementing partial loan repayment functionality became the month’s features. November’s most significant marketing activities included the CoinLoan debit card launch and wholesale of the CoinLoan native token (CLT) packages.
Alex Faliushin, CoinLoan CEO, said, “Our record November results capped off a remarkable year of growth, during which we set new performance and financial records in all of the services we provide despite continued uncertainty in the world due to the pandemic situation. The combination of developing and improving the product, our marketing activities, and unmatched customer loyalty drove our company to a new all-time high.”
Max Sapelov, CoinLoan co-founder and CTO, said, “CoinLoan made significant progress in the research and development of the product. We also focused on delivering services effectively and improving the way we do business. We will use these performance goals to measure how well we provide service and preserve the clients’ trust in our product. Based on internal evaluations, I affirm that the performance data in this report is complete, reliable, and accurate.”
About CoinLoan
CoinLoan is an international fintech company and a regulated financial institution licensed by the Estonian Intelligence Unit. The firm was created in August 2017 and became one of the pioneers of crypto lending when the product was brand new on the market. Now CoinLoan is the only company that offers borrowing in cryptocurrencies with fiat collateral. A platform is a convenient solution for those who prefer managing their digital assets in one place. The company clients can earn interest, swap, and borrow with CoinLoan. Besides, the platform has a native utility token (CLT) applied to it.
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