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Crypto lending platform Celsius Network has listed startup Saga’s SGA stabilized asset, unlocking the potential for token holders to earn interest. “Saga has partnered with leading cryptocurrency interest income platform, Celsius Network,” Saga founder Ido Sadeh Man told CryptoX.The collaboration and listing means “users can both preserve their assets’ value
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The Celsius Network is the first major cryptocurrency lending platform that is profitable, according to its CEO and founder Alex Mashinsky.CryptoX 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
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Celsius Network reports to have more than doubled its interest payments in the three months since its last disclosure. This is one more signal of the continuous growth of the crypto lending industry, as decentralized finance (DeFi) operations attract more funds.As per its Feb. 20 report, Celsius paid over
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Cryptocurrency businesses worldwide are continuing to integrate fiat onramps into their operations in an effort to make it easier for customers to jump into crypto.United Kingdom-based cryptocurrency lending startup Celsius Network has launched in-app crypto purchases via a new partnership with Simplex, according to a Feb. 18 announcement. Simplex, a
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Speaking at ELEV8CON in Las Vegas on Dec. 10, founder and CEO of Celsius Network Alex Mashinsky said that there is a war brewing between centralized and decentralized networks."The centralization of the Internet by companies such as Facebook and Google has created a distorted reality where fake news and
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Celsius Network, a prominent global digital currency platform, has announced in a press release that it has reached a $4.2 billion mark for cryptocurrency loan organization, a $450 million figure for deposits and more than $5 million in interest income for the company’s depositors.The numbers disclosed were announced on November
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Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination as of Nov. 12 in a press release shared with CryptoX.Celsius reached $4.25 billion of cryptocurrency loans since the start of its activity in July 2018 calculated at current Bitcoin (BTC) prices, a 93%
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The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral. BitGo confirmed to CoinDesk that it held
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