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Celsius Founder Announces Addition Of Compounding Interest On Cryptocurrency Deposits

Ramsey Baker

Summary: Celsius, the cryptocurrency lending and borrowing platform, announced on Twitter that the company would be implementing compounding interest on cryptocurrencies deposited in its wallet, starting Feb. 1. In a Twitter AMA (ask me anything) on Wednesday Celsius founder Alex Mashinsky stated, “You asked for it, and we delivered! Starting February 1, interest income on crypto ...

Celsius, the cryptocurrency lending and borrowing platform, announced on Twitter that the company would be implementing compounding interest on cryptocurrencies deposited in its wallet, starting Feb. 1.

In a Twitter AMA (ask me anything) on Wednesday Celsius founder Alex Mashinsky stated, “You asked for it, and we delivered! Starting February 1, interest income on crypto deposits will officially be COMPOUNDING! That’s right - all the coins in your wallet will now be earning interest on interest!”

This wasn’t the only change announced during the AMA, Mashinsky also announced covered revamped loyalty tiers, the ability to lend against EOS tokens, and a partnership with South Korean cryptocurrency exchange, Korbit.

By Ramsey Baker

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