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CoinLoan published a report covering the company’s financial and performance results. The report for November 2021 includes key business metrics: profit, asset, and user growth.
The main highlights of the publication are an all-time high in the exchange, loan, and interest functionalities profit, and more than doubled wallet deposits growth, asset exchange volume, and the number of issued loans. CoinLoan’s user base also increased and continues to grow.
The company’s marketing activities, including wholesale of the CoinLoan Token packages and the CoinLoan debit card announcement in collaboration with VISA, played a significant role in reaching mentioned outstanding results. One more reason is the platform improvement: implementing partial loan repayment functionality and adding Cardano to the list of available currencies.
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.”
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What is CoinLoan
CoinLoan is an Estonia-based fintech company known on the market since August 2017 and licensed by the Estonian Intelligence Unit. CoinLoan was one of the first companies that started offering loans in cryptocurrencies backed by fiat collateral. The company’s platform is a convenient way to manage digital assets for its clients: earn interest, borrow, and swap. CoinLoan also has a native utility token (CLT) applied on the platform.
