Crypto-backed peer-to-peer lending platform Debitum Network has reported an increase in investment volumes and the uptake of its auto-invest product in May, as it reveals plans to boost diversification.
Last month, Debitum Network investors put a slightly higher amount of funds into the platform than they did in April, bringing the total amount of invested funds to over €30m (£25.78m). During May, more than 200 investors joined the platform and increased the total user base to over 6,980 investors.
In May, Debitum Network saw an increase in automated investments. €854,622 was invested using the auto-invest tool, making up 50.27 per cent of the total invested volume in May and raising the total amount lent through the tool to over €10m.
“Debitum investors are more willing to use the auto-invest tool as there are more and more different loans added on the platform,” the platform said in a blog on its website.
“If an investor seeks to diversify his portfolio, the auto-invest tool is one of the essentials to begin with. As more investments will be uploaded on the platform, we expect to see a positive trend in June.”
Debitum Network also said it plans to launch a new product to enable investors to diversify more easily.
“Additionally, Debitum investors should stay tuned for a new product in the market,” the platform said.
“Debitum investors will be offered to invest in opportunities that are backed by a pool of loans or other collateral. Therefore, you will be able to diversify with ease!”