Celsius Network Boasts $1 Billion in Cryptocurrency Deposits Over Past Two Years

Celsius Network Boasts $1 Billion in Cryptocurrency Deposits Over Past Two Years
фото показано с : beincrypto.com

2020-6-7 14:25

Celcius Network recently passed $1 billion in deposits indicating a strong demand amongst the cryptocurrency community for ways to earn interest on their cryptocurrency.

The community largely consists of crypto enthusiasts who would rather HODL than spend their Bitcoin. This makes a strong use case for lenders who can bridge members of the cryptocurrency community to those who want to take out loans and an opportunity for lenders to earn interest.

Celsius has experienced impressive growth acquiring more than 110,000 lenders since its inception.

Celcius CEO Alex Mashinsky voiced that improving financial opportunity to the world is an important incentive to provide a lending platform:

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.

It is unclear whether Celsius possesses sufficient reserves to reimburse all users who have assets on the platform. Celsius also faces competition with lending providers such as Blockfi, which has a growing amount of cryptocurrency being lent.

The post Celsius Network Boasts $1 Billion in Cryptocurrency Deposits Over Past Two Years appeared first on BeInCrypto.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0019252 (-100%)

cryptocurrency deposits community network billion consists largely

Источник: beincrypto.com

cryptocurrency deposits → Результатов: 126


BitStamp Adds Full Native Support for SegWit Bitcoin Transfers with Bech32 Addresses

Cryptocurrency exchange Bitstamp has implemented SegWit bitcoin transfers allowing its users to withdraw bitcoin to bech32 addresses. Users can also generate new deposits when using this format. ADDRESSED: We’ve added full native SegWit support to Bitstamp! Our customers can now create #Bitcoin addresses in the new bech32 format: https://t.

2020-2-28 18:10


Фото:

Tether Mints 25M USDT as Exchanges See Deposits Increase to ‘Buy the Bitcoin Dip’

Today has been a busy day for whales in the cryptocurrency market. There has been a significant increase in exchange deposits across the board. Could major players be buying the Bitcoin price dip? Bitcoin has once again dropped below the $10,000 price point, and it looks like major players in the market are using the […] The post Tether Mints 25M USDT as Exchanges See Deposits Increase to ‘Buy the Bitcoin Dip’ appeared first on BeInCrypto.

2020-2-10 20:23


Japan’s Financial Watchdog to Further Reduce Maximum Leverage to 2x on Crypto Margin Trading

The Financial Services Agency (FSA) is planning to limit the leverage in cryptocurrency margin trading to twice the deposits of traders, reported Japan Times on Saturday. This new rule will be included in the Cabinet Office, which FSA will revise in the Financial Instruments and Exchange Act that will go into effect in spring. This […]

2020-1-13 16:49


Why are Israeli Banks Refusing to Take Fiat Deposits from Cryptocurrency Traders?

On August 6th we reported the difficulty experienced by Israeli cryptocurrency traders to pay taxes given the concerns raised by the banking industry. With over $85 million USD in tax arrears to be paid to the government, cryptocurrency traders are blaming the banks for purposefully creating a barrier due to the competition from the emerging […]

2019-8-9 19:46


Based in Singapore? Binance now Allows you to Trade With Fiat

Global cryptocurrency exchange Binance has just announced that it is now supporting fiat currency deposits and withdrawals for its Binance Singapore users. The platform, which launched similar ventures earlier this year in Jersey and Uganda, will allow Singapore residents or Singapore citizens based overseas, to buy a number of cryptocurrencies with Singapore Dollars.

2019-7-11 19:02


CODEX crypto exchange implements US requirement to block IP addresses

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceCODEX, a cryptocurrency exchange licensed in Estonia, announced that in order to stay compliant with the law, moving forward, users originating from the United States won’t be able to use the exchange platform, and all underlying functionality including trading, deposits, withdrawals, registrations, etc.

2019-7-11 18:34


Фото:

Monero security flaw could’ve seen XMR stolen from cryptocurrency exchanges

Privacy-focused altcoin Monero has suddenly disclosed nine security vulnerabilities — including one that could have allowed hackers to steal XMR from cryptocurrency exchanges. Until March, rogue Monero miners were hypothetically able to create “specifically-crafted” blocks to force Monero wallets into accepting fake deposits for an XMR amount chosen by the attacker.

2019-7-4 18:18


Фото:

Celsius has Facilitated $1.2 Billion in Crypto Loans in 10 Months, With Over $200 Million in Deposits

Depositors from more than 100 nations have received interest paid from over $1. 2 billion in loans issued to hedge funds and crypto exchanges. Celsius Network, a top cryptocurrency lending, and borrowing platform has announced its listing on Liquid, a leading crypto exchange focused on bridging the gap between the traditional financial system and the crypto […] The post Celsius has Facilitated $1.

2019-6-3 07:26


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru