The company report for November 2021 covers the financial and performance results of the month.
CoinLoan posted its second report in 2021: the company recently shared its results for the summer; now, the firm has announced its November results. The report introduces the company’s metrics significant growth, showing the ones that hit an all-time high (the exchange, loan, and interest functionalities profits) and the ones that more than doubled (wallet deposits growth, asset exchange volume, and the issued loans number.) CoinLoan’s client base rose as well and continues to do so.
The incredible results became real mainly because of marketing activities and platform development. Marketing activities of the month were huge news: a wholesale of the CoinLoan native token (CLT) packages and the CoinLoan debit card launch. The platform month’s updates were adding Cardano to the list of currencies available on CoinLoan and implementing the partial loan repayment functionality.
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 European fintech company based in Estonia. It’s a regulated financial institution licensed by the Estonian Intelligence Unit. The company was founded in August 2017 and was one of the pioneers of cryptocurrency lending. Now CoinLoan is the only firm on the market that offers borrowing cryptocurrency backed by fiat collateral. The platform is a crypto management tool that the company’s clients can use for earning on digital assets, borrowing, and swapping. CoinLoan native utility token (CLT) is also available on the platform.
