The volume of assets managed by Celsius Network grew to $2.2 billion

10.11.2020
Currency credit platform Celsius Network has announced that the amount of user deposits on the platform has exceeded $2.2 billion

in just six months
total assets under management doubled. The number of users amounted to 215,000 and the amount of interest paid on user deposits reached $80 million since the launch of the platform in July 2018. The company’s own funds, including CEL tokens, have reached $680 million

Celsius Network’s «centralized financing» project is called an alternative to DeFi platforms. The company allows users to make cryptocurrency deposits to the platform and give them to other users at interest;

«We created the principle of profitable farming and launched the DeFi revolution. We have paid more profits to our clients than any other centralized or decentralized financing project. And we are not going to slow down,» said Alex Mashinsky, CEO and founder of Celsius;

At the beginning of November, Celsius and Horizen announced addressed
on cooperation to develop a system for increasing transparency in lending;