You know we never stop experimenting with different assets and extending our currency list. This time, the British Pound is fully functional on CoinLoan! It’s now available for borrowing against crypto and at our built-in exchange.
For GBP holders, 12.3% APY with CoinLoan Interest Account is great news! But before we discuss our terrific offer, let’s go back to basics.
What is GBP
The British pound sterling is the official currency of the United Kingdom and British Overseas Territories. GBP, or £, has one of the world's highest trading volumes, trailing only the U.S. dollar, euro, and Japanese yen in daily volume.
How GBP Works on CoinLoan
We offer SWIFT for international payments. CoinLoaners can transfer the currency to My Wallet and enjoy GBP accounts with fee-free deposits and withdrawals using this payment method.
You can take loans in British Pounds secured by crypto and withdraw them to your bank accounts without any commission. The minimal amount for both operations is 5000 GBP.
From now on, CoinLoan offers an Instant Loan backed by GBP, with a minimal rate of 4.95%. Your rate depends on the LTV you choose; the lower the LTV, the less you pay for a loan.
Traditionally, you can earn maximum annual interest on your deposits with CoinLoan Interest Account. We remind you that since this New Year, CoinLoaners enjoy a high-yield 10.3% rate, which goes up to 12.3% APY with CLT staking. The rates are also valid for the euro and all stablecoins.
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