CoinLoan’s June Update 2020

report Jul 03, 2020

June is over, we’re now halfway through the year and we hope you’re all doing well so far. It’s summertime and we’re kicking things off with cheaper loans and new security functions. And above all, CoinLoan is breaking records.

Lowest Rates on Crypto Loans

We have changed the way we calculate interest rates. There’s no fixed 10% rate anymore. Instead, rates now depend on the loan-to-value ratio. The lower is the LTV you choose, the better is the interest rate. The cheapest rate for cryptocurrencies is 4.5%; for fiat and stablecoins it accounts for 4.95%.

Looks like CoinLoan now has the most advantageous interest rates, while keeping one of the highest LTV available in today's crypto-lending market:

Interest Rates Are Cut More Than Half for Instant Loans

XRP Listing Became a Huge Success

On the first of June Ripple (XRP) became officially listed on the CoinLoan platform. Within a week of the listing, users deposited more than 14 million XRP tokens on the platform, making CoinLoan the leading cryptocurrency lending service that uses Ripple.

Follow the link below to read how it was:

More Than 14 Million XRP Deposits Within the First Week of Listing on CoinLoan

Keep Your CoinLoan Account Safe

When using crypto-related services, security is one of the most critical concerns. That’s why we’re continually working to keep your account and your funds as safe as possible. At the height of June, we have a couple of important security-first updates.

Read the announcement to find out how you can benefit from new security freeze and withdrawal hold features:

New Security Features on CoinLoan

💫CoinLoan is a universal platform for crypto and fiat assets. We help to keep your assets safe and manage them from one dashboard.

💡First time here? Visit our home page and get to know the CoinLoan lending platform a little better.