The CoinLoan platform has expanded its range of instruments with the introduction of BNB, the Binance utility token making the top five of largest cryptocurrencies by market cap. It is the first step to the integration of CoinLoan with the BNB Smart Chain, a stable and cost-efficient blockchain that enables its users to:
- create powerful apps
- buy, trade, and hold digital assets
- take advantage of large capacity and high speed of transactions
The CoinLoan users are sure to benefit from vast opportunities that the integration will open up. Specifically, the introduction of the BNB Smart Chain will bring faster transactions and flexibility in switching between other assets and exchanges. This blockchain is a strong rival of Ethereum as it features better scalability at lower gas fees.
BNB is now available in all main products of CoinLoan:
- Instant Loans in USDT, USDC, BUSD, TUSD, PAX, DAI, EUR, GBP, BTC, WBTC, and ETH with BNB as collateral;
- Interest Account enabling its owners to get 5.2% APY on BNB and up to 7.2% in total for those who stake CLT;
- Crypto Exchange where BNB can be converted to crypto or fiat.
CoinLoan’s Product Owner Eugene Zomchak commented on the new offering: “Adding BNB to our scope is the right decision, as it is one of the most popular and capitalized assets, and it will be available across all the products on the CoinLoan platform. We are also preparing for the future integration with the BEP-20 network, so our customers will get all the advantages of using the BNB Smart Chain, such as fast and inexpensive transactions for compatible assets in the near future.”
Putting the best interest of clients to the fore, CoinLoan constantly introduces innovations and extends the range of available digital assets. The main products of the platform — Wallet, Crypto Exchange, Interest Account, and Instant Loans — provide comprehensive B2C and B2B solutions. These offers are an efficient way to leverage cryptocurrencies in both short- and long-term market strategies.
About CoinLoan
CoinLoan is an EU-licensed crypto business that offers Instant Loans with cryptoassets as collateral, Interest Account, and Crypto Exchange. It also provides corporate services. The highest security standards and assets insurance mean that both institutional and private customers benefit from the highest levels of protection.
CoinLoan offers highly-competitive loan and APY rates, transparent pricing, and 24/7 human customer support service that serves good for high customer retention and satisfaction. The 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.
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
