The company published a report detailing rapid growth in November 2021
CoinLoan, a crypto fintech behind the platform of the same name, stated in the recent report that CoinLoan has experienced rapid growth in November 2021 in the number of users, profits, and assets. All-time highs were observed across all the key profit channels: exchange, loan origination, and interest fees. The user and client bases saw the rise in numbers.
The CoinLoan team stated that marketing activities, such as the rollout of wholesale CLT packages and debit cards, were behind the achieved results. The partial loan repayment feature, as well as the platform’s overall development, were also the drivers of positive changes.
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 regulated crypto finance company licensed under the Estonian Financial License. Founded in 2017, CoinLoan aims to provide tools to manage digital assets. The developed platform offers several products such as Interest Account, Crypto Exchange, and crypto-backed loans.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
