Bondora has cautioned against peer-to-peer investors using its secondary market purely to seek higher returns.
The Tallin-based platform, which lends in Estonia, Spain and Finland, said there have been thirty per cent swings in sales on its secondary market in recent months.
After growing by 36.2 per cent in November, secondary market transactions were down by 32.8 per cent in December, totalling €354,480 (£315,825).
Read more: Bondora re-enters Finnish market
“Several months of back-and-forth transaction totals on the secondary market has created a see-saw effect,” Bondora said in a blog post on its website.
“One month, investors are heavily involved in the secondary market, while the next month’s transactions slow to a snail’s-pace.
“This see-saw trend can be seen by the 30 per cent swings in secondary market transactions over the past few months alone.
“There is not much of a long-term trend for the secondary market, and its volume will be monitored in the coming months to see if any statistically significant changes occur.
“Remember, investors should not seek higher returns from buying and selling loans on the Bondora secondary market.”
The platform has previously warned that selling loans in the secondary market may result in a loss of an original investment as the premium may not be high enough to compensate losses elsewhere in a portfolio.