Celsius Network Teams Up With Prime Trust to Secure Depositor Funds & Offer Low-Cost Credit

Celsius Network, a cryptocurrency lending, and borrowing platform, announced on Monday it has formed a new partnership with Prime Trust, a custody and escrow platform providing services to both traditional and digital assets, to offer its retail and institutional clients custodial services from several global providers as well as offer its members the fastest and lowest rates in the industry for crypto-backed credit and coin loans.

Speaking about the new collaboration Alex Mashinsky, CEO of Celsius Network, stated:

“In uncertain times, it’s essential to have the absolute best security for our members. With the addition of Prime Trust to our custody providers, we are committing to our mission of always acting in the best interest of the crypto community by providing cheaper, faster and broader security at the best rates available, guaranteed.”

The partnership with Prime Trust comes just a few weeks after Celsius Network announced it is now offering users to buy Bitcoin directly within the Celsius mobile app through its new partnership with Simplex, a credit card onramp and offramp service provider. Celsius Network revealed through the integration users of Celsius Network will be able to purchase BTC, ETH, and other leading cryptocurrencies through the Celsius app with global credit/debit cards at the lowest fee available, 3.5%.

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