27 September 2022, Tallinn: The mid-year report released by CoinLoan, one of the most popular crypto loan providers, has revealed unexpectedly positive results. Seemingly, the current market turmoil has not affected the crypto lending platform, as it has demonstrated sustainable growth across the board in the first half of this year.
In annual terms, CoinLoan’s stats are as follows:
- Wallet deposits increased by 26%
- Interest account deposits grew by 54%
- Exchange turnover added 18%
These figures show that growth was seen in all areas compared to the same period of the last year. Notably, the number of new registrations, a leading indicator of the company’s future expansion, also increased. Amid the heightened uncertainty on the market, more and more people seek reliability and safety when exchanging crypto, so they register accounts with providers that can ensure these qualities. CoinLoan always sets a high value on the safety and comfort of its users, that’s why its client base never stops growing. Last month’s survey proved that most CoinLoan customers are satisfied with the security standards, lending conditions, and dedicated customer support 24/7.
Alex Faliushin, CEO of CoinLoan, said: “As a company, we have just celebrated our fifth anniversary. To see this much growth in such a short time motivates us to keep going and believe that we are on the right path. It is our goal to develop technology and products that best serve our customers while also pushing the industry as a whole forward in the right direction.”
The extreme market volatility we are witnessing this year has already derailed some crypto projects that could not withstand the strain. CoinLoan’s client-oriented approach has helped it not only survive under these tough conditions, but even expand its business. Looking ahead, CoinLoan aims to move beyond its achievements and win the loyalty of more customers while ensuring the highest security standards and improving its service.
The full mid-year report is available here.
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Editorial contacts:
John Norris / Emma Dodds
Moonlight IQ
Email: [email protected]
Tel: +44 (0) 20 7250 4770
About CoinLoan
CoinLoan is an EU-licensed crypto business that started as a project in 2017. Its platform offers Instant Loans against cryptoassets, Interest Account in crypto, and Crypto Exchange. These services are rendered both to individuals and corporate entities with the exceptions as required by the applicable laws. We provide our clients with the highest security standards and insurance on assets, allowing both corporate and private customers to benefit from the highest levels of protection.
Its highly-competitive loan and APY rates, transparent pricing, and 24/7 human customer support service have resulted in high customer retention and satisfaction. CoinLoan’s platform allows swapping and managing a comprehensive and growing range of cryptocurrencies, including its native token and fiat currencies.
The company is focused on continuous innovation through state-of-the-art technology and partnerships, bringing customers constant improvements and possibilities within the crypto world.
For more information, please visit us at https://coinloan.io/.
Source: https://cryptodaily.co.uk/2022/09/coinloan-demonstrates-fantastic-performance-unaffected-by-market-turmoil