BNB Smart Chain Now Accessible to CoinLoan Users

Place/Date: Tallinn, Estonia - June 7th, 2022 at 1:00 pm UTC · 2 min read
Contact: Alla Lapidus / Alice Jiga, Source: Moonlight IQ

BNB Smart Chain Now Accessible to CoinLoan Users

The CoinLoan crypto platform is adding BNB (Binance Coin) to the list of currencies offered to users. BNB is one of the most popular altcoins, currently ranked #5 according to the market cap. Listing BNB on the CoinLoan platform is one of the steps of the integration with the BNB Smart Chain, a reliable, efficient, and permissionless blockchain. Due to its decreased gas fees and increased scalability, the BNB network is also a viable alternative to Ethereum. It comes with many advantages for users, projects, and developers, including:

  • Building large-scale applications
  • Managing digital assets across multiple networks
  • Large capacity and low latency (low transaction confirmation time)

As a result of the integration, the CoinLoan customers will benefit from the BNB Smart Chain’s powerful capabilities, which will open up a range of options. These benefits could include everything from faster transactions to integrations with other assets and exchanges.

Eugene Zomchak, CoinLoan’s Product Owner, said:

“Adding BNB to our scope is the right decision, as it is one of the most popular and capitalized assets, and it will be available across all the products on the CoinLoan platform. We are also preparing for the future integration with the BEP-20 network, so our customers will get all the advantages of using the BNB Smart Chain, such as fast and inexpensive transactions for compatible assets in the near future.”

CoinLoan continues to develop for the benefit of its users, expanding the number of currencies available on its platform. The company’s major product offerings, which include Wallet, Crypto Exchange, Interest Account, and Instant Loans, are used by both private and corporate clients. They provide customers with a variety of ways to leverage cryptocurrencies, whether they are short-term or long-term investors.

About CoinLoan

CoinLoan is an EU-licensed crypto business that offers Instant Loans against crypto assets, Interest Account, Crypto Exchange, as well as corporate services. Its highest security standards and insurance on assets mean that both institutional and private customers benefit from the highest levels of protection.

Its highly-competitive loan and APY rates, transparent pricing, and 24/7 human customer support service have resulted in high customer retention and satisfaction. CoinLoan’s platform allows swapping and managing a comprehensive and growing range of cryptocurrencies, including its native token and fiat currencies.

The company is focused on continuous innovation through state-of-the-art technology and partnerships, bringing customers constant improvements and possibilities within the crypto world.

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