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Linus deposits surpass USD1m

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Linus Financial (Linus), a fintech company connecting everyday investors to the economic benefits of digital asset credit markets, has announced that deposits on their platform have exceeded USD1 million. This milestone comes after seven consecutive months of record setting deposit volumes. Linus launched their alpha product, the Linus Early Access Program (LEAP) in December 2019 and moved into private beta in January 2020. Linus released their public beta on 19 March, 2020, allowing users to open a new account without an invitation. Since the launch of the Linus Alpha, net deposits have grown at an 88.7 per cent compounded monthly growth rate. 

Matthew Nemer, Chief Executive Officer & Co-Founder of Linus, says: “Linus has introduced new wealth-generating opportunities by connecting investors to the burgeoning economies of the digital asset ecosystem. This milestone validates the everyday investor’s demand for yield that is uncorrelated to traditional asset classes.”

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