HaruBank, a trusted crypto savings, and deposits service provider celebrated its one year in the market with tremendous growth. According to the company, in the past twelve months, it reported transacted volume totaling approximately $30 million.
“After an incredible 12 months of ground-breaking work in the decentralized finance arena, HaruBank has today announced transactions totaling $30,000,000 made via their platform,” the company said in a press release.
The company offers over 10% interest rate on cryptocurrency savings and up to 15% for monthly deposits of Bitcoin, Ethereum, USDT, and Terra KRT.
It is an alternative way of making extra earnings through cryptocurrencies besides derivative trading and holding.
For the past twelve months, the company has been using its customers’ digital assets through institutional loans and asset management.
The company runs through trusted asset managers with credible track records. Some of the asset managers include Block Crafters Capital and six other partners around the world.
Through investment diversification and low-risk investments, the company has been able to deliver competitive interest rates.
With a minimum of 0.0001 BTC, 0.005 ETH, 1 USDT, HaruBank users can earn daily, monthly, and in turn compound interest that depends on how long they store their coins.
Over the past twelve months, HaruBank reported user growth of around 1000%. In addition, the company saw user deposits jump by over 450% in the same period.
The incredible performance can be attributed to several factors that have favored crypto adoption globally. With the world fighting to curb further market damage by the coronavirus outbreak, digital transactions are taking center stage to further the global supply chain industry.
As the number of digital transactions heightens amid the virus, more money flows into the crypto world that has high transaction speed at a low cost.
This has significantly improved crypto adoption as a hedge against a deflation of fiat currencies. With a new wave of cryptocurrencies causing a new wave of ‘FOMO’, more retail and institutional investors are flocking into the digital asset market.
Notably, HaruBank noticed an increase in users opting in long term investment in the past twelve months. “What is also impressive is the number of users who are choosing to have a long term stake via lockup – which has grown by over 40% this year alone. The number of users choosing to enjoy highly-competitive interest rates via lockup periods is now over 80%,” the company indicated.
