Sirlibz
Celsius Network, a centralized cryptocurrency lending platform has reported that it had doubled it’s crypto holdings in six months, they now have $2.2 billion of assets under their management. The report is from an announcement on Nov. 9 where it stated that they had doubled their crypto assets holding since a notable increase six months ago when they surpassed $1 billion . The company’s balance sheet also includes cash and native CEL tokens which amounted to $680 million.
The company also claimed to have been able to pay their depositors a total sum of $80 million since the launch in July 2018. The platform offers lending services to their users, funds deposited are then lent to exchanges and market makers, with 80% of the interest generated going shared to the depositors.
“We have created more income for our customers than anyone else in DeFi or CeFi, and we have no plans on slowing down any time soon.” Celsius’ CEO and founder, Alex Mashkinsky said.
The CEO of Celsius, Alex Mashkinsky was celebrated by a lot of crypto investors for gifting his wife 15 million CEL tokens which worths $20 million on her birthday. This gift had an impact on his top holding in the company although he still maintains top 1 spot as well as his wife maintaining the 4th on the list.
Celsius is reported to had raised $20 million from over 1000 investors in an equity raise initiated by crypto platform Bank to the future.
