ABOUT CELSIUS NETWORK
Celsius is a global company which helps consumers worldwide find the path towards financial independence with a compounding yield service and affordable loans accessible via a web and mobile app. Erected on the belief that financial services should only do what is in the community’s best interest, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services inaccessible via traditional financial institutions.
With over 500,000 users and $10 billion in assets, Celsius has recently been recognised by winning the “Best Cryptocurrency Wallet” award at the fifth annual FinTech Breakthrough Awards.
CORE BUSINESS
Our platform provides a low risk way of earning yield on over 45 types of crypto assets while our business evolves with a continuing aim of becoming a fully-fledged regulated entity.
Essentially our business allows our retail and corporate customers to earn yield on their crypto assets, and borrow fiat and stablecoins from us against a cryptoasset collateral, where customers pay around 1/8th of what they pay on any other platform with no origination fees. Celsius then deploys the crypto assets to generate yield, e.g. by lending the cryptoassets to institutions.
