CoinLoan Launches Lending Platform Using Crypto Assets

Image source: https://themerkle.com
CoinLoan’s founders, Alex Faliushin and Max Sapelov, started CoinLoan when they recognized that cryptocurrency could facilitate a completely new type of lending. CoinLoan is creating a system of secured peer-to-peer lending, where borrowers deposit crypto assets for a loan in their preferred currency. If the borrower doesn’t repay according to the agreed terms, CoinLoan can liquidate the pledged crypto asset and will return the remaining funds to the lender, including accrued interest. Lenders get a risk-free way of earning interest on their capital, and borrowers get to leverage their crypto assets without liquidating. A crypto investor is able to leverage their crypto-assets for a loan to allow them to retain a long position with their assets and at the same time, give them a range of options with future tax payments.
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