The company reported its final figures for the month.
CoinLoan, a crypto management platform, announced November 2021 results, showing a surge across key metrics users, profits and assets. The profits coming from loan origination, exchange and interest fees more than doubled.
Marketing activities, alongside new features, such as partial loan repayment, played a significant role in delivering rapid growth, according to the CoinLoan team. Wholesale CLT packages also greatly influenced the figures, as well as launching the CLT debit card.
Alex Faliushin, CEO of CoinLoan, 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, co-founder and CTO of CoinLoan, 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.”
CoinLoan is a crypto fintech company created in 2017. Regulated under an Estonian financial license, it aims to provide everyone with easy access to the world of crypto finance and crypto management tools. CoinLoan is a pioneer of crypto lending and the only platform offering crypto loans for fiat collateral.