Celsius Network, a cryptocurrency lending and borrowing platform, announced on Friday its CEL token is now on the Bittrex Global Exchange. According to Celsius, the CEL token was listed on its first crypto exchange in June 2018 and is currently also trading on several decentralized exchanges. Celsius customers may now take advantage of CEL token utilities through the Celsius platform, which includes earning yield on crypto at rates up to 25% higher and borrowing dollars against their crypto, and pay up to 25% less interest. CEL holders can also earn weekly compounding rewards on CEL at up to 4.86% APY.
While speaking about the launch, Alex Mashinsky, CEO of Celsius, stated:
“We’re thrilled to partner with Bittrex Global to make the CEL token more accessible to millions of people around the world. As we work to make crypto mainstream, strategic partnerships with reputable players in the industry, such as Bittrex Global, are essential for all of us to succeed in building the future of financial services.”
Founded in 2017, Celsius addresses the financial needs of today’s consumers worldwide through a democratized interest income and lending platform accessible through a mobile app.
“Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions.”
Celsius recently revealed it has validated more than $10,426,308,071.50 worth of cryptocurrency assets using third-party validation tools. The latest milestone comes just a few months after Celsius conducted its first-ever asset verification report using the same method of validation to confirm over $3.3 billion in digital assets based on net transactions. Mashinsky shared:
“Celsius is a one-stop-shop for crypto yield income and low-cost margin loans, and our exponential growth proves that our approach of putting the customer first and delivering transparency-based services that consistently produce the highest yields in the industry is exactly what people are looking for. We’ll soon cross half a million users from 200 countries on the Celsius platform, and we’re well on our way to reach our 2017 founding goal of bringing the next 100 million people into Crypto.”
