Press Release

CoinLoan Sees Robust Growth in the First Six Months of 2022 Despite Tough Market Conditions

CoinLoan has marked a steady rise in its client base and an increase in wallet and interest rate deposits amidst tough market conditions.

CoinLoan, one of the pioneers that started providing crypto loans, has published its performance report for the first six months of 2022. The tough market conditions had little impact on the business, as the report revealed robust growth throughout the reporting period. 

Compared to Q1 and Q2 of the last year, CoinLoan’s results are the following:-

  • A rise of 26% in wallet deposits.
  • An increase of 54% in interest rate deposits.
  • An uptick of 18% in exchange turnover.

These results evidence that all activity areas expanded in a year. It is important to note that the number of newly registered accounts increased as well, which paves the way for future company growth. This tendency displays what is actually important for customers who want to exchange cryptocurrencies. 

In these tough times, the need for safety and comfort is especially acute, and CoinLoan can easily meet this need, always putting clients’ interests to the fore. Probably, this is the reason for the steady rise in its client base. This fact is proved by the result of the recent survey showing that CoinLoan customers appreciate the platform’s high security, lending facilities, and 24/7 customer support. 

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 trust 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.”

This year, some crypto projects crashed amid the heightened market volatility, which makes the achievements of CoinLoan especially impressive. Not only has it managed to withstand the pressure, but it has also even improved its results. Speaking of plans for the future, CoinLoan intends to keep up with its current pace of development, maintaining the highest security levels. 

To see the full mid-year report, click here.

About CoinLoan

CoinLoan is an EU-licensed crypto business that started as a project in 2017. Its platform offers Instant Loans against crypto assets, Interest accounts 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/

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