If you are familiar with the crypto lending industry, then a mere mention of Celsius Network ought to automatically ring a bell in your mind. The platform is hitting the headlines, having amassed a whopping $300 million in cryptocurrency deposits over the last 12 months.
Celsius Network allows BTC and other Altcoin holders to either deposit their coins in exchange for interest or take a loan with their coins as collateral. And over the past year, the Network handled and completed an incredible $2 billion worth of loan origination in cryptocurrencies.
By Lillian Peter – August 11th 2019