CoinLoan’s January Update 2021
The first month of the year is usually not very productive. But that is not the case for CoinLoan! We have been working hard and prepared an extra New Year present for our users. You inspired us so much that we have decided to return a favor and start 2021 by adding new cryptocurrency pairs. However, global regulations are always subject to change, and this January, we reviewed new laws and legal acts in North America and Western Europe. In February, CoinLoan will publish a report on crypto regulations in East European and Asian countries and share new updates on our ever-evolving platform.
CoinLoan Trustpilot Score
Coinloan received a trust score of 4.5 out of 5 on Trustpilot. We want to thank our users for voicing their opinion about CoinLoan! We couldn’t even dream of tons of fantastic feedback, and it was a pleasant surprise.
Your reviews mean the world to us, both positive and critical. We urge you to continue writing them so we can keep up the excellent work!
We Reviewed Cryptocurrency Regulation in the West
CoinLoan team closely monitors emerging cryptocurrency regulations. Last year, we renewed the European virtual currency provider license and were surprised to learn CoinLoan was the only regulated crypto lending platform licensed by Estonian Financial Intelligence.
We know our users are tracking the recent laws on cryptocurrency. The previous blog post shed some light on the diverse attitudes towards cryptocurrencies in Western Europe and North America. Next time we will examine other regions. Make sure to read the upcoming article to compare the different legislation approaches.
New Pairs in the CoinLoan Exchange
As our users have been asking for more exchange pairs, we added nine new ones. Use them to loan currency or collateral for leveraging trading strategies or shorting!
Four new trading pairs:
- For XRP: ETH
- For XMR: BTC, ETH
- For LTC: BTC, ETH, RUB
- For WBTC: ETH, BCH, LTC, XMR
Now, you can enjoy more options for your Ripple, Monero, Litecoin, and Wrapped Bitcoin.
Interest Account Rates Rise to 12.3%
From now on, CoinLoaners can enjoy a 10.3% rate in their interest account, which can reach 12.3% APY with CLT staking. We set no limits to this offer. However, the rates might be subject to change in the future, which is why we encourage you to take advantage of it now. New rates are valid for the euro, British pound, and all stablecoins.
Full list eligible currency:
Finally, long-awaited Stellar loans are coming very soon! We are in the process of listing XLM at CoinLoan for you to earn interest, use Stellar as collateral, and exchange XLM for crypto and fiat. Stay tuned, and be the first to know!