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All-Time High in CoinLoan’s Profits

The crypto fintech company CoinLoan published the results for November 2021. The report covers key metrics, such as asset, user, and profit growths. The profits from the exchange, loan, and interest functionalities reached their all-time highs. The client base, alongside user numbers, surged, and profits originating from issued loans, wallet deposits, and asset exchange doubled. 

The CoinLoan team has emphasized that achieved growth came from several marketing activities, such as wholesale CLT packages and CoinLoan debit card offers. Furthermore, new features such as partial loan repayment and overall platform development were also behind the recent figures. 

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 a crypto fintech startup behind a platform of the same name. Founded in 2017 in Estonia, CoinLoan is regulated under a financial license issued by the Estonian Intelligence Unit. The company is one of the pioneers of crypto lending and the only crypto management platform to accept fiat collateral for crypto-backed loans. Platform users can swap, sell, and hold digital assets and earn interest on their funds. CLT is a native token of CoinLoan.

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