Celsius Network continues to break records in the crypto-lending space completing over $2 billion in coin loan origination with more than $300 million in assets under management. Known for its unique business model of distributing 80% of its revenue to its depositors, Celsius currently offers rates of up to 10.53% APR on leading cryptocurrencies and has paid out over $3 million in interest income to its 40,000 active members in its first 12 months.
LONDON–(BUSINESS WIRE)–#blockchain—Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces its #1 position worldwide with over $300 million in AUM and $2.2 billion in loans. These new numbers reflect the company’s unparalleled growth during its first year in operation and places Celsius as the fastest growing lending platform in the industry. Relative to its competitors, Celsius holds more AUM and has paid out more BTC and ETH interest to its depositors than all other crypto lending platforms put together.
Celsius Network was founded to represent its depositor community and to provide financial inclusion with services such as its high interest-earning wallet and low APR loans available to crypto and stablecoin holders worldwide. With its motto “Unbank Yourself,” Celsius Network’s mission is to always act in the best interests of its depositor community and give back 80% of its income to its depositors; precisely what banks and exchanges fail to do. Celsius has achieved a number of industry milestones, including:
- Celsius has originated over $2.2 billion worth of coin loans since beginning lending operations in July 2018
- Celsius has passed over $300 million AUM in customer deposits and collateral from loans under management
- Celsius has completed over 160,000 coin loan trades
- Celsius serves 40,000 members from over 150 countries
- Celsius has distributed over $3 million in interest payments
- Celsius paid depositors the industry’s best rates over the past year with no minimums or caps and no fees or penalties
- 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
- Celsius is still the only fully transparent organization with data about membership, deposits and loans available in real-time in the app to all users to the health of the Celsius community
About Celsius Network
Celsius Network addresses the financial needs of today’s consumers worldwide through a democratized interest income and lending platform 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 modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR.
For additional information please visit www.celsius.network
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