The company shares a report with record results showing growth in all metrics.
CoinLoan reported the company’s financial and performance results for November 2021 by showing an increase of all key business metrics: profit, user, and asset growth. Several metrics hit their all-time high (the exchange, loan, and interest functionalities profits), while some of them more than doubled (wallet deposits growth, asset exchange volume, and the issued loans number). As for CoinLoan’s user base, it grew correspondingly as well.
The firm considers the platform development and marketing activities the main reasons for CoinLoan’s outstanding performance in November. Marketing activities included announcing the CoinLoan debit card in collaboration with VISA and wholesale CoinLoan Token (CLT) packages. The new features like partial loan repayment functionality and adding Cardano became month’s updates.
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.”
What is CoinLoan
CoinLoan is an Estonia-based international fintech company known on the market since August 2017 and licensed by the Estonian Intelligence Unit. CoinLoan is the only platform that offers loans in cryptocurrencies backed by fiat collateral. Back in 2017, it was one of the first companies to provide crypto lending. The CoinLoan platform is an excellent solution for managing clients’ digital assets. Its users can borrow, swap, and earn interest. Besides, CoinLoan has a native utility token (CLT) applied on the platform.