CoinLoan’s June Update 2020

ReportJul 03, 2020
CoinLoan’s June Update 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.

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 to read how it was.

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 our announcement to find out how you can benefit from new security freeze and withdrawal hold features.

Disclaimer:

The information provided by CoinLoan (“we,” “us,” or “our”) in this text is for general informational purposes only. All investment and financial opinions expressed by CoinLoan in this text are from the personal research and open information sources and are intended as educational material. All outlined information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information in this text.

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