Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has topped $300 million in AUM and $2.2 billion in loans. Celsius Network reported:
“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.”
In addition to the latest figures, Celsius has also achieved a number of milestones, including:
- 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
Celsius went on to add:
“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:”