Celsius Network Is Profitable and Resisting Market Downturn, Claims CEO

The Celsius Network is the first major cryptocurrency lending platform that is profitable, according to its CEO and founder Alex Mashinsky.

Cointelegraph interviewed Mashinsky to learn more about this achievement, how the latest market downturn has affected its business and his outlook on the industry.

According to Mashinsky, the company was profitable in 2019 on a net income basis and in 2020 on a free cash flow basis. In March, Celsius Network is expected to post record revenues of over $2 million.

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CoinTelegraph – Mar 18th 2020

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