Crypto Holdings in Celsius Now Twice as Before

News • 2020/11/10 • by

Celsius made a report that their total digital asset holding is currently worth $2.2B, and it is double of what they used to have six months ago.

The company made a release on the 9th of November, claiming they now have over 251,000 users on their platform, making the financial landmark possible.

Major Update

Celsius have CEL tokens worth more than $680M excluding AUM.

Celsius currently have a $2.2B crypto holding.

Investors on the platform have earned the reward of over $80M.

The CEO added that their success resulted from making interest income lucrative in the crypto world. They have also helped investors make more money from Defi and CeFi than any other has done.

Last month, Mahinsky was the talk of the crypto world for holding the largest CEL after gifting his wife 15 million CEL tokens. The recent liability listing that is ten times the asset of crypto lending service Cred is making people bothered about their funds on the platform.

What do you think about Celsius's massive holdings? Share your thoughts in the comment section.

Comments (5)

Guest

omogbai

6 years ago

Celsius attributes its exponential growth to its community-centric model of acting in the best interest of the customer by providing up to 80% of its total revenue back to its customers. Through the Celsius wallet, customers can earn rewards on their crypto at rates up to 15% APY on over 40 cryptocurrencies paid out weekly. Users can also leverage their crypto as collateral to borrow dollars or stablecoins at the lowest rates in the industry, and can earn rewards in-kind or in CEL token.