Celsius Network, a cryptocurrency lending and borrowing platform, announced on Tuesday it has listed its CEL Token on cryptocurrency exchange platform, Liquid.com. Celsius reported that it chose to list on Liquid as it is claimed to be one of the top ten global exchanges for crypto trading. The listing gives CEL holders the option to trade its tokens using fiat or cryptocurrency.
“The CEL utility token provides Celsius users with important financial functions and services within the app, all designed with the user in mind. CEL acts as a membership token giving users access to the Celsius Network community, and CEL holders are eligible for lower interest rates on coin and fiat loans, higher earned interests on non-CEL deposits, a cashback rewards program, and more.”
Speaking about the token’s launch on Liquid, Alex Mashinsky, CEO of Celsius Network, added:
“We took our time picking an exchange, because it was most important to us to select one that’s supportive of the space and serves the best interests of the community. Liquid is one of the top exchanges in terms of transparency and using innovative tech to secure its users’ assets.”