Express

Celsius' Temperature Rises, in Coin Deposits and Coin Loan Origination of course

Sofia Cabrera

Summary: Over a 12 months period Celsius Network, a crypto lending and borrowing platform, has surpassed $300 million in coin deposits and completed over $2 billion in originated loans. Celsius began their lending operation on July 2018 and has originated a worth of over $2.2 billion in coin loans, while their assets under management have surpassed ...

Over a 12 months period Celsius Network, a crypto lending and borrowing platform, has surpassed $300 million in coin deposits and completed over $2 billion in originated loans. Celsius began their lending operation on July 2018 and has originated a worth of over $2.2 billion in coin loans, while their assets under management have surpassed $300 million. Celsius users can earn interest by transferring their coin into the Celsius Wallet and borrow U.S. dollars against their crypto collateral. With the motto "Unbank Yourself," the company strives to put its customers' interest first and has proven true to its word by returning up to 80% of its revenue to depositors. A statement from a press release from Celsius Network follows, "Celsius paid more in earned BTC and ETH than anyone returning up to 80% of its revenue to depositors, compared with Binance BNB returning 20% of profit as buyback and Nexo distributing 30% as a dividend."

Author: Sofia Cabrera

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 18 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 25 days ago
  • You need to login to comment.