Friday, January 22, 2021
Bitcoin Market News
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
Bitcoin Market News
No Result
View All Result

Celsius Network surpasses $1 billion in cryptocurrency deposits since launch in 2018

8 months ago
in Bitcoin
3 min read
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the
Share on FacebookShare on Twitter


NEW YORK, June 4, 2020 /PRNewswire/ — Celsius Network (https://celsius.network/), the industry-leading cryptocurrency interest-earning platform, announces today that it has surpassed $1 billion in total cryptocurrency deposits less than 2 years after launching its mobile app. This announcement comes on the heels of Celsius acquiring more than 110,000 active users and after achieving profitability earlier this year.

According to public data available through the Celsius app, the crypto company has also paid more than $17 million in interest rewards to its community of HODLers to date. Celsius has paid out over $12 million in BTC interest, more than all other crypto lending platforms in the industry combined. Over $3 million of the interest distributed has been in the company’s native CEL token, which has also seen significant growth, a new all-time high, and is now part of the CMC top 100 list.

Celsius Network’s mission is to make financial services fair, transparent, and rewarding. Customers can hold 26 of their digital assets using the Celsius app and use their coins as collateral to borrow USD or stablecoins at the industry’s lowest rates. Celsians also earn weekly compounding interest rewards on their assets at some of the highest rates available in the marketplace. Celsius attributes its exponential growth to its community-centric business model and its commitment to return 80% of its revenue to its customers. More than anyone else in the entire crypto universe.

“Financial equality and economic opportunity are more important today than ever before. We are experiencing a catalyst that requires a fundamental change in the way we earn and distribute wealth, not only in the US but around the world,” says Alex Mashinsky, CEO of Celsius Network. “Anyone who experiences rejection or lack of social and financial mobility due to race, gender, credit score or job status can download the Celsius app and instantly start earning up to 100 times more than what they thought was possible. Celsians earn up to 11.9% annually on their crypto assets without paying any fees, credit checks, or other roadblocks invented by traditional banks to slow us down. Since day one, our mission has been to put financial freedom into the hands of 7 billion people, and $1 billion in retail deposits is only the beginning for us. We look forward to the day when billions of people leave the antiquated traditional banks behind and choose to unbank with Celsius. We proved we can bring the power back to the people.”

About Celsius Network
Celsius Network addresses the financial needs of today’s consumers worldwide through a high-interest income and low-cost loans accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a Blockchain-based community platform where membership provides access to curated financial services that always act in the best interests of our depositors and…



Read more:Celsius Network surpasses $1 billion in cryptocurrency deposits since launch in 2018

Related articles

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD – CoinDesk

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD – CoinDesk

January 22, 2021
Bitcoin leads $100 billion crypto sell-off right as Biden becomes president: CNBC

Bitcoin leads $100 billion crypto sell-off right as Biden becomes president: CNBC

January 22, 2021
Tags: Banking & Financial Servicesbillionbitcoin news todayCelsiusCelsius NetworkComputer & ElectronicsCorporate ExpansionCryptocurrencydepositsFinancial TechnologyLaunchMobile EntertainmentNetworksurpassesTelecommunications Industry

Related Posts

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD – CoinDesk

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD – CoinDesk

by Bitcoin Market
January 22, 2021
0

Bitcoin (BTC) appeared to stabilize above $31,000 after Thursday’s plunge, the biggest since March. “A break of $30,000 could have...

Bitcoin leads $100 billion crypto sell-off right as Biden becomes president: CNBC

Bitcoin leads $100 billion crypto sell-off right as Biden becomes president: CNBC

by Bitcoin Market
January 22, 2021
0

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC's Kate Rooney breaks down...

Bitcoin Plunge Has Newbies Scrambling to Google Double-Spend

Bitcoin Plunge Has Newbies Scrambling to Google Double-Spend

by Bitcoin Market
January 21, 2021
0

Photographer: Chritophe morin/Bloomberg Photographer: Chritophe morin/Bloomberg Bitcoin plunged more than 10% Thursday, sparking a hunt for reasons the notoriously...

Top Cryptocurrency News Today And Blockchain News Sites

Top Cryptocurrency News Today And Blockchain News Sites

by Bitcoin Market
January 21, 2021
0

Cryptocurrency is a new form of currency that is based on a blockchain – an immutable set of interlinking...

Financial Researcher, Educator and Noted Bitcoin Expert Nik Bhatia Releases

Financial Researcher, Educator and Noted Bitcoin Expert Nik Bhatia Releases

by Bitcoin Market
January 19, 2021
0

LOS ANGELES, Jan. 19, 2021 /PRNewswire/ -- Teacher and financial historian Nik Bhatia announced the release of his first...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Twitch Director Shaan Puri Moves 25% of Net Worth Into Bitcoin to ‘Front Run Wave of

Twitch Director Shaan Puri Moves 25% of Net Worth Into Bitcoin to ‘Front Run Wave of

December 11, 2020
Ledger Wallet Data Leak Dumped on Raidforums for Free, Company Regrets the Situation

Ledger Wallet Data Leak Dumped on Raidforums for Free, Company Regrets the Situation

December 21, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Three Gorges Dam Collapse Mining Threat, China Banks Ban Buying Gold: The Bitcoi…

Three Gorges Dam Collapse Mining Threat, China Banks Ban Buying Gold: The Bitcoi…

December 4, 2020
The Most Secure Cryptocurrency Wallets for Different Users

The Most Secure Cryptocurrency Wallets for Different Users

November 1, 2020
Microsoft increases Xbox Live Gold prices for new members

Microsoft increases Xbox Live Gold prices for new members

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Microsoft increases Xbox Live Gold prices for new members

Microsoft increases Xbox Live Gold prices for new members

January 22, 2021
First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD – CoinDesk

First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD – CoinDesk

January 22, 2021
From stimulus to bitcoin to taxes: A primer on a Janet Yellen-led Treasury

From stimulus to bitcoin to taxes: A primer on a Janet Yellen-led Treasury

January 22, 2021
As Bitcoin price surges, DDoS extortion gangs return in force | ZDNet

As Bitcoin price surges, DDoS extortion gangs return in force | ZDNet

January 22, 2021
2020 Year-End Crypto Assets Legal and Regulatory Developments: It Wasn’t Just Bitcoin

2020 Year-End Crypto Assets Legal and Regulatory Developments: It Wasn’t Just Bitcoin

January 22, 2021
On this week’s episode of The Scoop, Olaf Carlson-Wee explains how bitcoin will be a

On this week’s episode of The Scoop, Olaf Carlson-Wee explains how bitcoin will be a

January 22, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • BTC

    (USD 33,655.46)

  • ETH

    (USD 1,258.80)

  • XRP

    (USD 0.28)

  • BCH

    (USD 446.28)

  • EOS

    (USD 2.65)

  • LTC

    (USD 139.51)

  • XMR

    (USD 139.34)

  • TRX

    (USD 0.03)

  • USDT

    (USD 1.00)

  • BNB

    (USD 40.68)

  • BTG

    (USD 10.89)

  • BCN

    (USD 0.00)

  • BTCP

    (USD 0.11)

  • ZRX

    (USD 0.52)