RATE Group | Amid pandemic downturn, Crypto lender celsius hits 50K in Bitcoin deposits
87156
post-template-default,single,single-post,postid-87156,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Amid pandemic downturn, Crypto lender celsius hits 50K in Bitcoin deposits

01 May Amid pandemic downturn, Crypto lender celsius hits 50K in Bitcoin deposits

Posted at 12:23h in Cryptocurrency News by

Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin in deposits — worth over $380,000,000 — since its launch back in August 2018.

Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin (BTC) in deposits — worth over $380,000,000 — since its launch back in August 2018. 

With over 100,000 active users of its app, the company’s growth is now on track to outperform 2019 by 60%. 

Speaking to Cointelegraph on May 1, Celsius CEO Alex Mashinsky said he believes the growth in the network’s user base and deposits “reflects the increasing unease with the results of the 2008 and 2020 bailouts,” noting that:

“Most of the benefits went to the too big to fail and those close to the Washington giveaway plate. Celsius represents the opposite of that. We treat everyone equally, no matter if you have $10 or $10m, and we always act in the best interest of our community.”

One day after…

Source link

Tags:
, , , , , , , ,