Celsius Network Reveals Cryptocurrency Rewards Earning Platform

Lighting Network Losing Payment Channels Due To Dwindling Rewards
Lighting Network Losing Payment Channels Due To Dwindling Rewards

The Celsius Network, the self-described “industry-leading cryptocurrency rewards-earning platform,” has revealed that its customers in the United States can “now earn 6.2% APY on their Bitcoin holdings, the highest rate available for BTC in the crypto-lending space,” according to a press release from the group.

This rate applies to users’ first five Bitcoin, and international users can do the same though it will be paid out in CEL tokens, the release also states.

The CEL platform currently manages around $1 billion in cryptocurrency assets for over 150,000 users around the world. Over half of those assets are Bitcoin, as well.

On top of this, around 80% of the business’s revenues go toward its community, the release wants to make clear.

That and users on the platform can borrow USD at 1% APR, providing more funds for users to invest in Bitcoin.

Speaking on the matter is Alex Mashinsky, the CEO of the Celsius Network, who said:

“Our goal has always been to give our customers as much value as possible. Now all Celsius customers can access the industry’s highest rate for BTC and the industry’s lowest rates to borrow dollars on the Celsius platform with no minimums, no lockups, and no fees, this is the definition of doing well after you do good.”

Remember, all trading carries risk. Past performance is no guarantee of future results.

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.