Crypto Lender hits 50k in deposits of Bitcoin! Crypto Lender hits 50k in Bitcoin deposits as the Coronavirus pandemic continues. Celsius Network first launched back in August of 2018, and those deposits are worth just over $380,000,000 dollars.
Cryptocurrency lending and borrowing platform Celsius Network has over 100,000 active users of its app, and the company is set to outperform their 2019 numbers by 60%.
Celsius Network has become the fastest-growing crypto-lender with $2.2 billion in coin loan origination back in August of 2019. By November of 2019, their loan amount had doubled, reaching $4.25 billion.
The platform offers varying interest rates on deposits of major cryptocurrencies, including Bitcoin, Ether, Litecoin, Bitcoin Gold, Dash, Zcash, and EOS.
The Company also started offering compounding interest on cryptocurrencies deposited into its wallet as of February of this year.
There are a variety of other crypto-lending platforms, including BlockFi, Nexo, and SALT.
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