Cryptocurrencies are growing in popularity as the market has entered a parabolic state, attracting more investors by the day.
This is true for both retail and institutional participants as the interest from both is skyrocketing. As CryptoPotato reported earlier in February, “buy crypto” searches on Google have reached a new all-time high record and it continues to grow.
With the above in mind, CoinLoan is a comprehensive platform that offers a variety of tools targeted at investors, providing them with various capabilities to engage with the cryptocurrency market.
Enhanced Security and Trust
Right off the bat, the digital assets on CoinLoan are stored at one of the most reputable and qualified market custodians – BitGo. They are protected under a $100 million insurance provided by Lloyd’s. In terms of the fiat deposits, they are held at a crypto-friendly Swiss-based bank called InCore Bank.
The platform also boasts a zero-incident track record since its inception back in 2017 as it has never been breached. CoinLoan operates in accordance with the regulatory requirements – it holds licenses for digital and fiat assets that are supervised by the Financial Intelligence Unit of Estonia. It’s worth noting that the platform was able to renew its financial licenses with ease, despite the fact that Estonia revoked as many as 500 licenses for cryptocurrency-related companies.
Striving to always one-up its security, CoinLoan also runs a bug bounty program for security researchers for more than a year, providing incentives to ethical hackers for finding vulnerabilities on the platform.
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