Celsius, the world’s leading cryptocurrency lending and lending platform and behind altcoin CEL, announced at the Bitcoin 2022 conference that it currently holds more than 150,000 Bitcoins. Additionally, Celsius announced that it has paid out around 6,100 Bitcoin rewards to its community. Here are the details…
Altcoin project surpasses leading companies in buying BTC
Celsius, a private company, according to holdings tracked by CoinGecko, Microstrategy (even after the last Bitcoin purchase), Tesla, Galaxy Digital, Square and It owns more Bitcoin than public companies like Coinbase. Tushar Nadkarni, Head of Growth and Product at Celsius, shared the news during the Retail Panel. After the panel, Nadkarni said, “Our mission at Celsius is to ‘give people unmatched economic freedom’ and Bitcoin ownership is a key factor in that freedom,” said:
Our team works every day to improve the simplicity, accessibility and security of our platform. works, produces solutions for both Bitcoin veterans and newcomers. There is nothing greater than the Celsius approach to the fact that our community trusts us with their Bitcoins and, by extension, their financial futures.
What is Celsius?
As we report at Kriptokoin.com, Celsius helps more than one million customers worldwide find their way to financial independence through a compound returns service and instant low-cost loans accessible via a web and mobile app. Based on the belief that financial services should only do what is in the best interest of customers and society, Celsius is a free Blockchain-based platform where membership provides access to curated financial services not available by traditional financial institutions.
Celsius originally emerged in 2017 as the product of creators Alex Mashinsky and Daniel Leon. The project aims to beat banks at their own game by offering financial services that traditional financial institutions no longer offer. At the time of writing, the project’s altcoin, CEL, is changing hands at $3.07, up 1.28%. The cryptocurrency last reached an all-time high at $8.02 on June 3, 2021.
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