In response to growing customer interest, CoinLoan has added Solana (SOL), one of the largest cryptoassets by market capitalization, to its cryptocurrencies list.
The SOL blockchain, whose native token is used to pay transaction fees as well as for staking, has been growing increasingly rapidly. To celebrate the launch of its new offering, CoinLoan, a fiat-to-crypto lending platform licensed in the EU, has rolled out a special introductory offer.
Those who open Interest Accounts with SOL deposits will be able to earn an additional 2% APY for the first 30 days. Users who already own CLT will see an APY boost of 9.2%.
Solana will be available on CoinLoan’s three core products:
- USDT, USDC, BUSD, TUSD, PAX, EUR, GBP, Bitcoin, and WBTC Instant Loans with collateralized SOL;
- Cryptocurrency Exchange at competitive rates;
- Interest Account with up to 12.3% APY.
The CEO of CoinLoan, Alex Faliushin, said this about the launch of SOL: "We listen to our customers all the time, both private and corporate, so we add new coins based on their requests. Our mission is to make cryptocurrency a widely traded, easy-to-use investment asset through our three products and continuous innovation at CoinLoan. The addition of Solana to our network provides our clients with even more options and benefits, as it is one of the top currencies by market cap."
SOL is the native cryptocurrency of Solana – a blockchain that powers smart contracts with low-cost and fast transactions. Its Proof-of-History (PoH) algorithm is a significant improvement over Proof-of-Stake (PoS).
CoinLoan provides over 25 currencies, including stablecoins and altcoins, and is constantly adding more. CoinLoan was created by crypto enthusiasts for those who share their passion for becoming a part of the cryptocurrency ecosystem. Users can use the platform regardless of their technical background. In addition to introducing new coins and offering innovative features such as crypto-to-fiat lending, CoinLoan is poised for continued growth, both for the company and its users.