CoinLoan’s offers an increased APY for SOL deposits
Solana (SOL), one of the largest cryptocurrencies, has been added to CoinLoan’s product list to satisfy the growing interest of its customers.
A number of factors have contributed to the SOL blockchain’s rapid growth over the past few years, including its high speed and low transaction costs. CoinLoan, an EU-licensed crypto loan provider, is celebrating the launch of its new Solana asset with an introductory offer.
You can earn an additional 2% APY if you open an Interest Account with an SOL deposit, which increases to 9.2% if you’re also a CLT holder.
CoinLoan offers Solana on three products:
- The following Instant Loan types are available with collateralized SOL: USDT, USDC, BUSD, TUSD, PAX, EUR, GBP, BTC, and WBTC
- Cryptocurrency Exchange with competitive rates
- Interest Account with an APY of up to 12.3%
The CEO of CoinLoan, Alex Faliushin, said of the SOL launch: “We listen to our customers all the time, both private and corporate, so we add new coins based on their requests. Our mission is to make cryptocurrency a widely traded, easy-to-use investment asset through our three products and continuous innovation at CoinLoan. The addition of Solana to our network provides our clients with even more options and benefits, as it is one of the top currencies by market cap.”
In essence, SOL is the native cryptocurrency of the Solana blockchain, which powers smart contracts and enables fast and low-cost transactions thanks to its Proof-of-History (PoH) algorithm, which is a significant advance over Proof-of-Stake (PoS).
Currently, CoinLoan offers over 25 currencies, including stablecoins and altcoins, and is continually adding more. CoinLoan was created by cryptocurrency enthusiasts for those who share their passion for cryptocurrencies. The platform is accessible to users regardless of their technical background. In addition to introducing new coins, CoinLoan is providing innovative features like crypto-to-fiat lending, which ensures a future of growth.
CoinLoan has been operating as an EU-licensed business since 2017. Offering Instant Loans, Interest Account in crypto, and Crypto Exchange, its services are available to both individuals and corporations, subject to legal requirements. Both corporate and private clients of CoinLoan can benefit from a high level of security standards.
High customer retention and satisfaction are attributed to its highly competitive loan and APY rates, transparent pricing, and 24/7 customer support. CoinLoan allows users to swap and manage a wide variety of cryptocurrencies, including its native token, as well as fiat currencies on its platform.
With state-of-the-art technology and strategic partnerships, the company offers customers continuous upgrades and opportunities in the world of cryptocurrency.