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.